31-47 Reads Way - Office FOR SALE


New Castle, DE 19720
$7,650,000 USD
302-757-5353
31-47 Reads Way, New Castle, DE for Sale
$7,650,000 USD
Office - FOR SALE
1/3
null | Request Cap Rate

31-47 Reads Way
New Castle, DE 19720


HIGHLIGHTS

  • Access to I-95, I-495, I-295, U.S. 13 and S.R. 1
  • Located adjacent to the New Castle County Airport
  • 18' ceilings for flex user
  • Ample parking (+/-450 spaces)
  • Approved for an additional 16,000 SF expansion
  • 2 docks (multiple docks can be reinstalled)

OVERVIEW

Two one-story, Class B flex buildings situated on 11.9 acres centrally located in New Castle County, DE. Built in 1987-1988, the buildings consist of 27,576 SF and 48,563 SF for a combined total of 76,139 SF. The buildings are currently fit out as offices and student classrooms for Wilmington University. Currently owner occupied, but will be vacated by the owners once sold. ** Subdividing and splitting space negotiable **

FOR SALE DETAILS

PRICE

$7,650,000 USD

PRICE/SF

$100 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

450

LAND DETAILS

LAND ACRES

11.87 AC

LAND SF

517,057 SF

ZONING

BP

APN/PARCEL ID

10-013.00-034

ASK ABOUT THIS PROPERTY

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302-757-5353

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302-757-5353

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