Listed by Cape Fear Commercial
$4,950,000
3240, 3246, 3252 US Highway 421 N
Details
APN R03200-002-008-000
Property Type Industrial, Land
Sub Type Commercial, Executive Office
Square Footage 25,000
Occupancy 100%
Tenancy Multi
Lease Type Modified
Buildings 3
Acreage 15.580
Zoning Zoned I-2 (Industrial)
Industrial | 25,000 SqFt
Marketing description
Cape Fear Commercial is pleased to present this investment opportunity: a fully-leased, multi-tenant industrial portfolio consisting of three (3) office/warehouse buildings fronting US Highway 421 N—just south of the intersection with Interstate 140—in the fastest-growing industrial corridor in the Greater Wilmington area.
The portfolio includes two (2) freestanding 10,000 SF buildings and one (1) freestanding 5,000 SF building, totaling ±25,000 square feet. A significant amount of additional land exists on-site, offering potential for expansion or future development. Final acreage is subject to verification based on wetlands, topography, setbacks, and existing stormwater infrastructure.
Investment highlights
- The US HWY 421’s industrial corridor is rapidly expanding attracting companies like Kesseböhmer, Amazon, Home Depot, Ferguson, FedEx, Maersk, & Trane.
- As of Q4 2024, Industrial Market demand in Wilmington is above the national average.
- Wilmington, NC is among the top-performing markets in the industrial sector, boasting historically low vacancy rates.
- Wilmington, NC is experiencing robust population growth, fueled by the coastal migration phenomenon of inbound moves to the Southeastern region.
- 100% leased across five (5) tenants
- ±25,000 SF total across three buildings
- Expansion or redevelopment potential on-site
- Located on US Hwy 421 N with direct access to I-140
- Municipal water (CFPUA); septic system
- Below-market rental rates with short lease terms— value-add opportunity
Listing Contacts
Listed by Cape Fear Commercial
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