115 N 3rd Street & 210 N Chestnut St

Wilmington, NC

Office for Sale - $11,000,000 - 50,765 Sq. Ft. on 0.9 acres


Agent Info

Don Harley
Coldwell Banker Commercial Sun Coast Partners

Property Info

CIMLS#1097192
Location
  115 N 3rd Street & 210 N Chestnut St
  Wilmington NC 28401
UpdatedJuly 13th, 2021
TypeOffice
Price$11,000,000
Building50,765 Sq. Ft.
Land0.9 acres

Contact


Property Description

Class A downtown office building available for sale. The Harrelson Building is conveniently located at the corner of 3rd & Chestnut Streets. Built in 1990 and recently completely remodeled, the building has 46,863 total rentable SF* and 50,765 gross SF * consisting of five (5) floors with a double drive through & canopy. the city parking deck is located on the southwest side of the building. Multiple points of ingress/egress to the property are available; directly from 3rd Street, via a driveway from 2nd Street and over the adjacent parking lot on chestnut street. The location alone demands a higher value than other similar properties. Lease rate of $25.50 per RSF Full Service, net janitorial. An expense stop of $8.30 per RSF in included in the lease rate. The Tenant will be responsible for Tenant's share of operating costs in excess of the expense stop. The building is 93.5% occupied.

The offering includes 115 N 3rd St. & 210 Chestnut St.