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MazzPac 1512 N Heald St 4,850 SF 30% Leased Flex Building Wilmington, DE 19802 $642,123 CAD ($132.40 CAD/SF)



EXECUTIVE SUMMARY
Welcome to the Northeast Corridor of the City of Wilmington! A bustling connection to North Wilmington and the Southern entry points to the City, with an approximate 12,827 cars per day. A thriving mixture of commercial, industrial, manufacturing and residentially developed asset classes. This masonry constructed, corner property is easily accessed via multiple road frontages creating a highly visible site for operators and investors alike. Many opportunities for continued use as is, partition into three separate industrial use spaces, or to reposition into three store fronts that could house retail with a plethora of possible tenancy prospects. Two addresses create one single detached building. 1508 is a warehouse that is currently tenant occupied and has overhead door access. 1512 is currently owner occupied and has been the recipient of a high quality fit out that includes an office, two bathrooms, three basin sinks, a wide open space, and then two points of entry to a rear warehouse with an overhead door for street access. Fenced in rear yard could also be leased out for storage and or other clever uses. Property is located within an Opportunity Zone for investment consideration. Excellent opportunity to purchase this highly visible, commercially zoned, warehouse structure that can have a plethora of uses depending on your needs!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$1,675
|
$0.35
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$1,675
|
$0.35
|
| Taxes |
$3,166
|
$0.65
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$3,166
|
$0.65
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,675 |
| Annual Per SF | $0.35 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $1,675 |
| Annual Per SF | $0.35 |
| Taxes (CAD) | |
|---|---|
| Annual | $3,166 |
| Annual Per SF | $0.65 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $3,166 |
| Annual Per SF | $0.65 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $642,123 CAD | Rentable Building Area | 4,850 SF |
| Price Per SF | $132.40 CAD | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1970 |
| Property Type | Flex | Parking Ratio | 0.77/1,000 SF |
| Property Subtype | Light Distribution | Clear Ceiling Height | 12’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 0.20 AC | Opportunity Zone |
Yes
|
| Zoning | C | ||
| Price | $642,123 CAD |
| Price Per SF | $132.40 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Property Subtype | Light Distribution |
| Building Class | C |
| Lot Size | 0.20 AC |
| Rentable Building Area | 4,850 SF |
| No. Stories | 1 |
| Year Built | 1970 |
| Parking Ratio | 0.77/1,000 SF |
| Clear Ceiling Height | 12’ |
| No. Drive In / Grade-Level Doors | 2 |
| Opportunity Zone |
Yes |
| Zoning | C |
AMENITIES
- 24 Hour Access
- Fenced Lot
- Front Loading
- Signage
- Air Conditioning
UTILITIES
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- 1508
- Rental and Leasing Services
- 1,980 SF
- $2.30 CAD
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| 1508 | Rental and Leasing Services | 1,980 SF | $2.30 CAD | - |
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PROPERTY TAXES
| Parcel Numbers | Total Assessment | $116,051 CAD | |
| Land Assessment | $9,166 CAD | Annual Taxes | $3,166 CAD ($0.65 CAD/SF) |
| Improvements Assessment | $106,886 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$9,166 CAD
Improvements Assessment
$106,886 CAD
Total Assessment
$116,051 CAD
Annual Taxes
$3,166 CAD ($0.65 CAD/SF)
Tax Year
2024
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MazzPac | 1512 N Heald St
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