609 Shipyard Blvd - Office CONDO FOR SALE


Wilmington, NC 28412- Cape Fear Country Club
$450,000 USD
910-791-0400
609 Shipyard Blvd, Wilmington, NC for Sale
$450,000 USD
Office CONDO - FOR SALE
1/14
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609 Shipyard Blvd
Wilmington, NC 28412
Cape Fear Country Club


OVERVIEW

Affordable income property with a GSA lease! This office interior was designed specifically for a double courtroom for Social Security hearings almost 15 years ago. The GSA has renewed the lease and the building has an excellent track record for occupancy. The space is an end unit office condominium with several windows. Income & expense information is available upon request with a signed NDA. The lease has 4 years remaining in the current term with no renewal option. Property is offered at a 6.25 Cap Rate. Other occupants in the Stargell Complex are Coastal Horizons, and some private sector office users. See the attached pictures and floor plan for an understanding of the interior. Due to courtroom security, tours will only be arranged after a LOI is mutually executed.

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$251 USD /SF

CAP RATE

6.25%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

8,717 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,513 SF

ZONING

CS

APN/PARCEL ID

-

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.