Hinton Ave Office & Self-Storage

Office for Sale
Also listed as Industrial, Special Purpose
Catylist Listing ID: 30269920
Property Subtypes: Mixed Use, Flex Space, Office Building, Other
Building Size (RSF): 14,118 SF
Gross Land Area: 0.80 Acres
Sale Price: $1,350,000
Unit Price: $95.62 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Class of Space: Class B
Usable Size (USF): 14,118 SF
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Last Updated: 10/9/2018

Overview / Comments

Office and Self-Storage property located off Oleander Drive in central Wilmington would make an excellent investment property or potential for additional income for an owner-occupant.

The Subject Property is a unique offering that consists of 3,668 square feet of office space, 1,100 square feet of warehouse space, +/-.8 acres of land and 49 income producing self storage units.

Additionally, the property features a paved parking lot with 23 marked
spaces, security lighting and an in-ground irrigation system.

Located on Hinton Avenue, the property is easily accessible from Oleander Drive, a major thoroughfare from Downtown Wilmington to Wrightsville Beach.

Self-Storage is 49 units with some flexibility to vary unit sizes. Proforma NOI on storage is $64,883 Current layout is as follows:
1 - 10x10
17 - 10x15
26 - 10x20
5 - 10x30

Please see attached flyer for further detail or inquire directly with agent.

Attachments & Media

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $5,687 (Annual)
Potential Rental Income $143,634 (Annual)
Net Operating Income $114,562 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R06206-008-011-000
Zoning: CB
Property Visibility: Good

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,485 63,294 137,901
Median Age: 34.28 35.94 37.33
Households: 2,641 27,032 59,096
The information presented herein is provided as is, without warranty of any kind. Neither Cape Fear REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.