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1911 S 17th St
7,286 SF Medical Condo Unit Offered at $1,978,703 in Wilmington, NC 28401
Executive Summary
Located in midtown Wilmington, this property is in close proximity to Novant Health Hospital and many other medical offices.
Property Facts Under Contract
| Price | $1,978,703 | Building Class | B |
| Unit Size | 7,286 SF | Floors | 1 |
| No. Units | 1 | Typical Floor Size | 13,448 SF |
| Total Building Size | 13,448 SF | Year Built | 2004 |
| Property Type | Office (Condo) | Lot Size | 9.80 AC |
| Property Subtype | Medical | Parking Ratio | 3.72/1,000 SF |
| Sale Type | Investment |
| Price | $1,978,703 |
| Unit Size | 7,286 SF |
| No. Units | 1 |
| Total Building Size | 13,448 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Sale Type | Investment |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 13,448 SF |
| Year Built | 2004 |
| Lot Size | 9.80 AC |
| Parking Ratio | 3.72/1,000 SF |
1 Unit Available
Unit 100-110
| Unit Size | 7,286 SF | Sale Status | Under Contract |
| Price | $1,978,703 | Cap Rate | 7.00% |
| Price Per SF | $271.58 | NOI | $138,509.21 |
| Condo Use | Medical | APN/Parcel ID | R05419-003-002-003, R05419-003-002-004 |
| Sale Type | Investment |
| Unit Size | 7,286 SF |
| Price | $1,978,703 |
| Price Per SF | $271.58 |
| Condo Use | Medical |
| Sale Type | Investment |
| Sale Status | Under Contract |
| Cap Rate | 7.00% |
| NOI | $138,509.21 |
| APN/Parcel ID | R05419-003-002-003, R05419-003-002-004 |
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
1911_s_17th_st_floor_plan
Amenities
- Signage
zoning
| Zoning Code | O&I-1 |
| O&I-1 |
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1911 S 17th St
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