5 Silva Terra Dr - Medical CONDO FOR SALE


Wilmington, NC 28412
$1,050,000 USD
910-685-8788
5 Silva Terra Dr, Wilmington, NC for Sale
$1,050,000 USD
Medical CONDO - FOR SALE
1/20
null | 6.38% Cap Rate

5 Silva Terra Dr
Wilmington, NC 28412


OVERVIEW

The Overton Group is pleased to bring to market: 5 Silva Terra Dr, Suite 100 in Silva Terra Commons for sale as an investment opportunity. - Suite A is occupied by Ganz International - an international clothing and apparel brand has been a long term tenant who has a lease through June, 2027. - Suite B is occupied by Connected Health Centers by their Wilmington franchisee who operates a wellness and chiropractic clinic, lease runs through March, 2029. (WALT is over 3.5 years) Leases are full-service net of internet/telecom, janitorial or interior pest control. Tenant's are responsible for interior maintenance. Leases have guarantees. (Weighted average base rent is $15.32/SF - representing a mark-to-market rent upwards of 30% and significant upside for future lessors) Owner recently epoxy-coated their portion of the roof, and laid down all new flooring in Suite B in 2023. Suite B also contains a lead-walled x-ray room.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$263 USD /SF

CAP RATE

6.38%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Silva Commons

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

8,000 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

O & I

APN/PARCEL ID

R07000-006-001-000

ASK ABOUT THIS PROPERTY

Troy DemersThe Overton GroupMore Info
910-685-8788

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Troy DemersThe Overton GroupMore Info
910-685-8788

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