2725 Iron Gate Dr - Medical FOR SALE


Wilmington, NC 28412- Shipyard Plaza
$8,400,000 USD
910-344-1008
2725 Iron Gate Dr, Wilmington, NC for Sale
$8,400,000 USD
Medical - FOR SALE
1/13
null | 6.86% Cap Rate

2725 Iron Gate Dr
Wilmington, NC 28412
Shipyard Plaza


HIGHLIGHTS

  • New, stabilized & 100% occupied, multi-tenanted Class-A office building.
  • Anchored by Waccamaw Dermatology & NC Farm Bureau Insurance .
  • Unparalleled office market with strong fundamentals.
  • Nearly 9 years weighted avg lease term remaining.
  • Net leases with personal guarantees for 2 (of the 3) tenants.

OVERVIEW

2725 Iron Gate Drive is a newly constructed, fully leased, Class-A office building located in the Midtown Submarket of Wilmington, NC. This medical/general office building has great visibility and is adjacent to many other professional users. There is nearly 9 years of weighted average lease term remaining with best-in-class tenants: NC Farm Bureau, Waccamaw Dermatology, and Palmetto Infusion.

FOR SALE DETAILS

PRICE

$8,400,000 USD

PRICE/SF

$400 USD /SF

CAP RATE

6.86%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

100% Leased - ~9yrs Avg Term left

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Telecom Hotel/Data Hosting

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

95

LAND DETAILS

LAND ACRES

1.49 AC

LAND SF

64,904 SF

ZONING

O & I

APN/PARCEL ID

R06020-001-046-000

ASK ABOUT THIS PROPERTY

Paul LoukasCape Fear CommercialMore Info
910-344-1008

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Paul LoukasCape Fear CommercialMore Info
910-344-1008

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