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Freezer/Cooler & Pharma/Life Science Space
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187 Raleigh Street, Wilmington, NC 28412

Multi-tenant capable freezer/cooler and pharma/life science space for lease.

Space SizeContact for details
Days on Market152

Property Features for 187 Raleigh Street

General Information

Standard status Active
Property subtype Industrial
Listing Agency:
Listed By: David Sours
Source: Cbre
Added: Mar 25 Changed: Aug 23 Last Checked: Aug 23 at 11:29AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of David Sours

Investment Insights

Based on property information with market context.

Two buildings are available for lease. Building 1 offers approximately 298,730 square feet of freezer/cooler space and is multi-tenant capable. It can be divided into 78,000 SF, 150,000 SF, 222,000 SF, and 298,730 SF configurations. Building 2 provides approximately 160,000 square feet suitable for pharmaceutical, freezer, or life science purposes, with temperature control and divisibility. The property is rail capable and located less than 1 mile from NC Ports. The warehouse features a 45-foot clear height, with a 30-foot clear height on the dock. The dock is 80 feet deep and includes empty pallet storage above the dock doors. Insulated Metal Panels (IMP) construction is used on warehouse docks and offices masonry with insulated metal panel. Large windows provide natural lighting in offices and welfare areas. Emergency generators are in place for life safety and data protection, capable of running the entire facility. The property is container freight station/cross-dock capable and supports NH3 freezer, cooler, and pharmaceutical temperature requirements.

Key Highlights

  • Proximity to NC Ports (Less than 1 Mile)
  • Multi‑Tenant Capable with Divisible Spaces (Building 1: 298,730 SF Freezer/Cooler, Building 2: 160,000 SF Pharma/Freezer/Life Science)
  • 45’ Clear Height in Warehouse** (30’ Clear Height on Dock)

Property Analytics

Current Use

Refrigerated & Cold Storage

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Electrical Service Bakery Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

277
Businesses Nearby

Demographics for 28412, NC

42,758
Population
20,704
Households
2.1
Avg Household Size
43
Median Age
41%
College-Educated
93%
High-School Grad
22.3 sq mi
ZIP Area
1,917
Density / Sq Mi
$67,396
Median Household Income
$40,351
Median Earnings
$1,326
Median Rent
$342,600
Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
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Frequently Asked Questions

What type of property is this?
Refrigerated & cold storage - Multi-tenant capable freezer/cooler and pharma/life science space for lease.
Where is this refrigerated & cold storage located?
The property is located at 187 Raleigh Street Wilmington, NC.
What are key features of this property?
This property features: Proximity to NC Ports (Less than 1 Mile); Multi‑Tenant Capable with Divisible Spaces (Building 1: 298,730 SF Freezer/Cooler, Building 2: 160,000 SF Pharma/Freezer/Life Science); 45’ Clear Height in Warehouse** (30’ Clear Height on Dock)
More about this property
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