Truist Office Sale - 100% Occupied | 101 N 3rd St
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Truist Office Sale - 100% Occupied 101 N 3rd St
68,856 SF 100% Leased Office Building Wilmington, NC 28401 $17,250,000 ($251/SF) 7.42% Cap Rate
Investment Highlights
- Stabilized & 100% occupied, multi-tenanted Class-A office building
- Anchored by Truist Financial
- Best in Class Tenants w/ diverse industries
- 5+ YRS of weighted average lease term remaining - 63 Months WALT remaining (as of 10.1.2024)
- Market vacancy rate is ~2% with rising rents (CoStar, July 2024)
- Located in Historic Downtown Wilmington, NC
Executive Summary
Cape Fear Commercial is pleased to present this offering for 101 N Third Street - a stabilized ±65.8k SF Class-A office building in Historic Wilmington, North Carolina.
The building is 100% leased, with only 4.7% rolling over in the next 36 months and 63 Months WALT remaining (as of Oct 1, 2024).
Located on a premier corner in the heart of historic downtown Wilmington, this building is anchored by Truist Financial and has the highest caliber of tenant mix in the market.
Full OM available upon execution of attached CA.
The building is 100% leased, with only 4.7% rolling over in the next 36 months and 63 Months WALT remaining (as of Oct 1, 2024).
Located on a premier corner in the heart of historic downtown Wilmington, this building is anchored by Truist Financial and has the highest caliber of tenant mix in the market.
Full OM available upon execution of attached CA.
Property Facts Under Contract
Sale Type
Investment
Property Type
Office
Building Size
68,856 SF
Building Class
A
Year Built
2015
Price
$17,250,000
Price Per SF
$251
Cap Rate
7.42%
NOI
$1,280,105
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
13,771 SF
Slab To Slab
13’
Building FAR
3.44
Land Acres
0.46 AC
Zoning
CBD - Central Business District
Parking
1 Space (0.01 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
1 of 1
Walk Score ®
Walker's Paradise (91)
Bike Score ®
Biker's Paradise (90)
PROPERTY TAXES
| Parcel Number | R04817-017-011-000 | Improvements Assessment | $10,165,000 |
| Land Assessment | $526,300 | Total Assessment | $10,691,300 |
PROPERTY TAXES
Parcel Number
R04817-017-011-000
Land Assessment
$526,300
Improvements Assessment
$10,165,000
Total Assessment
$10,691,300
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Power Broker Paul Loukas -
Power Broker Lindsey Hess -
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Truist Office Sale - 100% Occupied | 101 N 3rd St
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