Georgetown Professional Park | 20167 Office Cir
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Georgetown Professional Park 20167 Office Cir
14,144 SF 100% Leased Office Building Georgetown, DE 19947 £2,040,977 (£144/SF) 8% Net Initial Yield
Investment Highlights
- Fully leased property for sale as a great investment opportunity
- Many national retailers in close proximity such as Walmart, Subway, and Starbucks
- Prime location with frontage along Dupont Blvd
Executive Summary
20167 Office Cir is a fully leased commercial building that offers an exceptional investment opportunity in the heart of Georgetown. Strategically located with prominent frontage along Dupont Blvd, this property benefits from high visibility, making it an ideal spot for any business.
Sale units and addresses include: 20125, 20161, 20163, 20165, 20167, 20169, 20171, and 20175 Office Circle, Georgetown, DE 19947.
Built in 1985, the building boasts a solid structure and well-maintained interiors, ensuring a seamless experience for tenants and customers alike. The surrounding area is thriving with renowned national retailers such as Walmart, Subway, and Starbucks, providing a vibrant commercial ecosystem that draws consistent customer flow.
CAM services provided include: landscape maintenance, water and sewer billing, parking lot lighting and maintenance, waste disposal, storm water pond maintenance, snow plowing/ice prevention, exterior maintenance and exterior pest control.
Sale units and addresses include: 20125, 20161, 20163, 20165, 20167, 20169, 20171, and 20175 Office Circle, Georgetown, DE 19947.
Built in 1985, the building boasts a solid structure and well-maintained interiors, ensuring a seamless experience for tenants and customers alike. The surrounding area is thriving with renowned national retailers such as Walmart, Subway, and Starbucks, providing a vibrant commercial ecosystem that draws consistent customer flow.
CAM services provided include: landscape maintenance, water and sewer billing, parking lot lighting and maintenance, waste disposal, storm water pond maintenance, snow plowing/ice prevention, exterior maintenance and exterior pest control.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
14,144 SF
Building Class
B
Year Built
1985
Price
£2,040,977
Price Per SF
£144
Net Initial Yield
8%
NOI
£163,278
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
7,072 SF
Building FAR
0.06
Land Acres
5.64 AC
Opportunity Zone
Yes
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DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2020 Population
2,686
11,066
15,932
2024 Population
2,252
9,584
14,456
Population Growth '20-'24
-16.2%
-13.4%
-9.3%
2020 Households
830
3,030
4,752
2024 Households
663
2,500
4,166
Household Growth '20-'24
-20.1%
-17.5%
-12.3%
Average Age
35
36
38
Median Household Income
$44,118
$52,192
$59,035
Daytime Employees
2,404
9,041
11,276
Total Businesses
325
1,067
1,226
College Degree + Higher
13%
12%
17%
$ values in USD
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Mike Berner - The Berner Group
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Georgetown Professional Park | 20167 Office Cir
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