For Sale
$3,550,000

2033 Corporate DrWilmington, NC 28405

Fully Leased, High NOI, Class B Office

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fully leased, 22,893 square foot Class B office building located at 2033 Corporate Drive in Wilmington, North Carolina. The property boasts a strong 7.43% cap rate and a substantial net operating income (NOI) of $263,618, reflecting a current asking price of $3,550,000. Situated in the Northchase Industrial Park, this multi-tenant building offers convenient access to major roadways including I-40 and I-140, as well as Downtown Wilmington and the Wilmington International Airport. Built in 2008, the property features 77 surface parking spaces and is zoned PD - Planned Development District. The 2.19-acre lot is currently 100% occupied by two tenants: Pike Engineering, leasing units 100 and 200, and Pharmacy Healthcare Innovations, occupying unit 201. This prime location, coupled with the strong financial performance and stable tenancy, makes this an attractive investment prospect for discerning buyers seeking a high-return, low-risk opportunity in a thriving market. The property's strategic location near N. College Road and behind Laney High School provides excellent visibility and accessibility. The building's strong occupancy and consistent cash flow make it an ideal addition to any commercial real estate portfolio. The price per square foot is $155.07. The property's location offers easy access to major transportation arteries, enhancing its appeal to both tenants and investors.

Highlights

  • Class B office building, 2008 construction.
  • Fully leased.
  • Three units occupied by two tenants.
  • Pike Engineering occupies Units 100 & 200.
  • Pharmacy Healthcare Innovations occupies Unit 201.
  • Situated in Northchase Industrial Park, near N. College Road and Laney High School.

Property Details for 2033 Corporate Dr

Property type
Office properties
Square Feet
22,893 SF
Class
B
Lot Size (sq. ft)
95,396 SF

Location Insight

City
Wilmington
County
New Hanover
State
North Carolina
Latitude
34.301561
Longitude
-77.8698675
2033 Corporate Dr, Wilmington, North Carolina

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2033 Corporate Dr
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