420 Raleigh St - Flex FOR SALE


Wilmington, NC 28412
$3,265,000 USD
910-344-1015
420 Raleigh St, Wilmington, NC for Sale
$3,265,000 USD
Flex - FOR SALE
1/2
null | Request Cap Rate

420 Raleigh St
Wilmington, NC 28412


HIGHLIGHTS

  • Located off Carolina Beach Road
  • In close proximity to the Port of Wilmington.

OVERVIEW

Fully leased office/warehouse building for sale fronting Raleigh Street, just off Carolina Beach Road and in close proximity to the Port of Wilmington. The property consists of a ± 13,500 SF freestanding well-maintained office/warehouse building situated on ± 2.96 AC zoned IND (Industrial) by the City of Wilmington. The property is currently leased to 4 tenants occupying 7 separate units. The property has an expansive stoned and fenced laydown yard, along with several outbuildings that have not been added to the advertised square footage. Most leases are currently at below-market rates, offering significant upside potential upon lease renewals and restructuring. A large majority of athe warehouse areas are climate controlled.

FOR SALE DETAILS

PRICE

$3,265,000 USD

PRICE/SF

$242 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Raleigh Street Business Center

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

7

PARKING SPACES

50

LAND DETAILS

LAND ACRES

2.96

LAND SF

128,938

ZONING

IND

APN/PARCEL ID

R06500-002-046-000

ASK ABOUT THIS PROPERTY

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910-344-1015

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910-344-1015

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