101 N 3rd St - Office FOR SALE


Wilmington, NC 28401
$17,250,000 USD
910-344-1008
101 N 3rd St, Wilmington, NC for Sale
$17,250,000 USD
Office - FOR SALE
1/11
null | 7.42% Cap Rate

101 N 3rd St
Wilmington, NC 28401


HIGHLIGHTS

  • Stabilized & 100% occupied, multi-tenanted Class-A office building
  • 5+ YRS of weighted average lease term remaining - 63 Months WALT remaining (as of 10.1.2024)
  • Anchored by Truist Financial
  • Market vacancy rate is ~2% with rising rents (CoStar, July 2024)
  • Best in Class Tenants w/ diverse industries
  • Located in Historic Downtown Wilmington, NC

OVERVIEW

Cape Fear Commercial is pleased to present this offering for 101 N Third Street - a stabilized ±65.8k SF Class-A office building in Historic Wilmington, North Carolina. The building is 100% leased, with only 4.7% rolling over in the next 36 months and 63 Months WALT remaining (as of Oct 1, 2024). Located on a premier corner in the heart of historic downtown Wilmington, this building is anchored by Truist Financial and has the highest caliber of tenant mix in the market. Full OM available upon execution of attached CA.

FOR SALE DETAILS

PRICE

$17,250,000 USD

PRICE/SF

$251 USD /SF

CAP RATE

7.42%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Truist Office Sale - 100% Occupied

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

A

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

CBD

APN/PARCEL ID

R04817-017-011-000

ASK ABOUT THIS PROPERTY

Paul LoukasCape Fear CommercialMore Info
910-344-1008

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Paul LoukasCape Fear CommercialMore Info
910-344-1008

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.