721 Medical Center Dr
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721 Medical Center Dr
23,420 SF 100% Leased Office Building Wilmington, NC 28401 For Sale
Investment Highlights
- 3 Mission Critical Co-Located Federal Agencies (USCG, USCBP, ICE)
- New 5-Year Lease Renewal
- Significant Government Investment in Tenant Improvements & Building Security Systems; Level 3 Security Facility
- 24/7 Sector Operations Center – Sector Stations for USCG & USCBP
- Aaa Fitch Credit Rated Tenant – Guaranteed by Full Faith of the U.S. Federal Government
- Attractive Financing Available
Executive Summary
The Ficke Team of Colliers has been selected to exclusively market for sale the U.S. Armed Forces & Department of Homeland Security - Sector Operations Center in Wilmington, North Carolina. Located at 721 Medical Center Drive, this property is master leased to the U.S. Coast Guard (USCG), U.S. Customs and Border Protection (USCBP), and U.S. Immigration and Customs Enforcement (ICE). The General Services Administration (GSA) just signed a new 5-year lease renewal (3-Years Non-Cancellable) and this is a Sector Operations Center for USCG and USCBP.
Wilmington is a port city in and the county seat of New Hanover County in coastal southeastern North Carolina, United States. With a population of 115,451 in the 2020 census, it is the eighth-most populous city in the state. Wilmington is the principal city of the Wilmington, NC Metropolitan Statistical Area, which includes New Hanover, Pender, and Brunswick counties in southeastern North Carolina, which had a population of 285,905 in 2020.
Wilmington is a port city in and the county seat of New Hanover County in coastal southeastern North Carolina, United States. With a population of 115,451 in the 2020 census, it is the eighth-most populous city in the state. Wilmington is the principal city of the Wilmington, NC Metropolitan Statistical Area, which includes New Hanover, Pender, and Brunswick counties in southeastern North Carolina, which had a population of 285,905 in 2020.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
23,420 SF
Building Class
C
Year Built
2001
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
23,420 SF
Building FAR
0.25
Lot Size
2.12 AC
Zoning
O&I
Parking
150 Spaces (6.4 Spaces per 1,000 SF Leased)
Amenities
- Signage
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PROPERTY TAXES
| Parcel Number | R06018-003-048-000 | Improvements Assessment | £1,902,949 |
| Land Assessment | £475,150 | Total Assessment | £2,378,099 |
PROPERTY TAXES
Parcel Number
R06018-003-048-000
Land Assessment
£475,150
Improvements Assessment
£1,902,949
Total Assessment
£2,378,099
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721 Medical Center Dr
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