List Search

1911 S 17th St
Wilmington, NC 28401

$1,978,703 USD

Medical Condo For Sale  •  7,286 SF

Property Details

  • Property Type Medical
  • Total Building Size 13,448 SF
  • Lot Size 9.8 AC
  • Building Class B
  • Year Built 2004
  • Cap Rate 7.00 %
  • Tenancy Multiple
  • Zoning O&I-1
29 Transit Score
37 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 100-110 Medical 7,286 SF $1,978,703 USD
  • Unit Size: 7,286 SF
  • Condo Use: Medical
  • Price: $1,978,703 USD
  • Sale Type: Investment
  • Price/SF: $271.58 USD
Sale Notes
INVESTMENT HIGHLIGHTS:

Space: 7286 sf

Lease Rate: $22.00 psf

Price: $271.58 psf

2023 Gross Annual Rent: $160.292.00

2023 Operating Expense: $10,571.36

2024 Taxes: $11,211.46

NOI: $138,509.18

Cap Rate: 7.00%

Lease Type: 5-yr Fixed Rate Net Lease

Lease expiration: April 30, 2028

Options: 1, 5-year option

Description 

Located in midtown Wilmington, this property is in close proximity to Novant Health Hospital and many other medical offices.

Property Flyers

Financial Summary

Cap Rate: 7.00 %
Total Expenses: $0 USD

Amenities

  • Signage

Public Transportation

AirportDriveWalkDistance
Wilmington International 18 min - 7.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 50
Type: Surface
Included in Rent: Yes
Ed Trice 910-350-1200 Sun Coast Partners Commercial
Ed Trice 910-350-1200 Sun Coast Partners Commercial