5935 Market St - Freestanding FOR SALE


Wilmington, NC 28405
$3,900,000 USD
910-791-0400
5935 Market St, Wilmington, NC for Sale
$3,900,000 USD
Freestanding - FOR SALE
1/7
null | 3.8% Cap Rate

5935 Market St
Wilmington, NC 28405


HIGHLIGHTS

  • High visibility light industrial building with Market Street Frontage.
  • Located near Dutch Square Industrial Park.
  • Frontage on Judges Rd.

OVERVIEW

Rare opportunity to own a local income property which is net leased by a national firm. Herc Equipment Rental has leased this facility for many years. They have renewed the lease with several years remaining. High visibility light industrial building with Market Street frontage. Located near Dutch Square Industrial Park. Excellent property priced at a low cap rate. There is a total building area of 13,800 SF of interior space between the two buildings and the total lot area is 3.23 acres. 5931 Market Street is a one-story retail building with 4,000 SF on 1.56 acre. 5935 Market Street is a tall building (corner lot) with 9,800 SF on 1.2 acre. It has 4,200 SF of office/showroom and 5,600 SF of flex space. There is also a 1,750 SF tall canopy loading area in the rear of the building. There is a .47-acre additional parking/laydown lot on the rear of the first two lots totaling .47 acre.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$283 USD /SF

CAP RATE

3.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

3.23 AC

LAND SF

140,699 SF

ZONING

LI

APN/PARCEL ID

R05006-001-009-001,R05006-001-011-000

ASK ABOUT THIS PROPERTY

Hansen Matthews, Jr.Maus, Warwick, Matthews & CompanyMore Info
910-791-0400

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Hansen Matthews, Jr.Maus, Warwick, Matthews & CompanyMore Info
910-791-0400

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