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Property Detail

Corporate Drive
Discover a premier investment opportunity with the acquisition of 2033 Corporate Drive S .
$1,000,000

Description

  • Discover a premier investment opportunity with the acquisition of 2033 Corporate Drive S, a fully leased office asset in Wilmington, North Carolina.
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  • Take advantage of this quality office investment providing new ownership with a stable revenue stream from two industry-leading tenants.
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  • Wilmington’s employment growth has outpaced national trends over the last few years due to its exponential population growth.
  • Established near the interchange of Interstates 40 and 140, the location offers easy commuter access throughout the region.
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  • Situated in a thriving commercial market showcasing strong fundamentals in the office sector, new ownership will profit from this secure investment.
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  • Office-using employment sectors are leading this growth with a 14.2% increase in jobs over the past three years.

Executive Summary

2033 Corporate Drive S is a Class B, multi-tenant office building located just north of Wilmington’s downtown area. This two-story office building features a timeless brick exterior façade and traditional office floorplans. Situated on a sprawling 2.19-acre parcel, tenant’s benefit from an abundance of on-site parking spaces for employees and visitors. 2033 Corporate Drive S is conveniently established in Northchase Industrial Park just off N College Road. The location provides convenient, easy access to Interstate 40, Interstate 140, Downtown Wilmington, and the Wilmington International Airport.

Wilmington’s office market is one of the most stable in the state, lending to the city’s stable and growing economy. With a vacancy rate of just 1.5%, well below the national average of 13.9%, demand for space in Wilmington is rising. Industries leading the office segment are the health care and social assistance sector and state and local agencies. Construction activity has been limited in Wilmington over the past year, keeping supply-side pressure at bay, and office investors will bode well with very little new inventory set to come online for the foreseeable future.

Currently fully occupied by two credit-worthy tenants, 2033 Corporate Drive S will be a valuable addition to an investment portfolio.

2033 Corporate Drive S

Listing ID : 00565

SKU: 565

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Price History

DateEventPrice
December 3 2024Listed$1,000,000.00