802 N 23rd St - Distribution FOR SALE


Wilmington, NC 28405
$16,950,000 USD
910-344-1015
802 N 23rd St, Wilmington, NC for Sale
$16,950,000 USD
Distribution - FOR SALE
1/8
null | Request Cap Rate

Jul '25


802 N 23rd St
Wilmington, NC 28405


OVERVIEW

For Sale: Rare opportunity for an owner/occupier in the Greater Wilmington area. 214,427 SF of front-load warehouse/distribution on 23rd Street in Airgate Logistics Center, in close proximity to Market Street/US Highway 17, MLK, Jr. Parkway, and Wilmington International Airport (ILM). This rail-served space has access to fourteen (14) dock high doors, two (2) 16' drive in doors and seven (7) rail doors. Full fire suppression system. Seller has conceptual plans for approximately 1,950 SF of additional office space that could be constructed, with 2,402 SF of existing office space also available. Also offered For Lease at $5.95/SF NNN (TICAM estimated at $1.10/SF). 71,244 SF available January 1, 2025, with the additional 143,183 SF available on July 1, 2025.

FOR SALE DETAILS

PRICE

$16,950,000 USD

PRICE/SF

$79 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

UTILITIES

Lighting, Water, Sewer

CLEAR CEILING HT

26.5 Ft

DOCKS

14

DRIVE INS

2

PARKING SPACES

-

LAND DETAILS

LAND ACRES

13

LAND SF

566,280

ZONING

LI

APN/PARCEL ID

R04811-002-001-001

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910-344-1015

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910-344-1015

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