298 Corporate Dr, Wilmington, NC 28401-2308
This exceptional 288,174-square-foot refrigerated/cold storage facility in Wilmington, NC, presents a unique investment opportunity. Situated on approximately 28.16 acres in Pender County, this single-tenant property boasts 45 loading docks with automated door locks, 50-foot ceilings, and ample office space (approximately 10,000 square feet). The facility is fully racked with turrets and features LED lighting on motion sensors. Security measures include a fenced, lit, and secured perimeter. Additional features include a 230-foot truck court with 45 trailer stalls, 54 reefer plugs (11 at the dock), and three multi-temperature chambers ranging from -10°F to 57°F. The building is equipped for USDA and FDA compliance, and includes a guard shack, locker room, maintenance room, and server room. Further office cubicles and lockers are available. The property's strategic location on the East Coast, within 700 miles of over 70% of the US industrial base, and its proximity to major I-95 corridors, makes it an ideal distribution hub. The facility includes approximately 400 pallet positions of blast-freezing capacity. This fully vacant property offers immediate occupancy.
-
Maersk Warehousing and Distribution Services Warehouse & Storage
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.