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5014-5032 Randall Pky 795 SF Office Condo Unit Offered at $244,260 CAD in Wilmington, NC 28403
Investment Highlights
- Instant Income - Tenant currently in place through 8/31/2027
- Water, sewer and trash included in COA fee
- Main Corridor from UNCW to Downtown Wilmington
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Sale Conditions | 1031 Exchange, Ground Lease (Leased Fee) |
| Cap Rate | 6.82% |
| Sale Type | Investment |
| Cap Rate | 6.82% |
| Sale Conditions | 1031 Exchange, Ground Lease (Leased Fee) |
Description
Second floor office condo. Equipped with 4 offices, reception and private restroom.
Sale Notes
Second floor retail/office space in Carolina Place office condos. Features 4 offices, reception and private bathroom. Tenant currently in place through 8/31/2027. Lease terms available upon request. On-site parking. Water, sewer and trash included in the $230/month COA fee.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 5024 | 795 SF | Office | $244,260 CAD ($307.24 CAD/SF) | $16,651.54 CAD |
Unit 5024
| Unit Size |
| 795 SF |
| Condo Use |
| Office |
| Price |
| $244,260 CAD ($307.24 CAD/SF) |
| NOI |
| $16,651.54 CAD |
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Unit 5024
| Unit Size | 795 SF |
| Condo Use | Office |
| Price | $244,260 CAD ($307.24 CAD/SF) |
| NOI | $16,651.54 CAD |
| Sale Type | Investment |
| Cap Rate | 6.82% |
| Sale Conditions | 1031 Exchange, Ground Lease (Leased Fee) |
| Description | |
| Second floor office condo. Equipped with 4 offices, reception and private restroom.</li></ul> | |
| Sale Notes | |
| Second floor retail/office space in Carolina Place office condos. Features 4 offices, reception and private bathroom. Tenant currently in place through 8/31/2027. Lease terms available upon request. On-site parking. Water, sewer and trash included in the $230/month COA fee.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 9,666 SF | Typical Floor Size | 795 SF |
| Property Type | Office (Condo) | Year Built | 1984 |
| Property Subtype | Medical | Lot Size | 0.52 AC |
| Building Class | B | Parking Ratio | 4.66/1,000 SF |
| Floors | 2 | ||
| Zoning | O&I,OFFICE - Office & Institutional | ||
| Total Building Size | 9,666 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 795 SF |
| Year Built | 1984 |
| Lot Size | 0.52 AC |
| Parking Ratio | 4.66/1,000 SF |
| Zoning | O&I,OFFICE - Office & Institutional |
Amenities
- Bus Line
- Signage
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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5014-5032 Randall Pky
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