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Federal Agency-Leased Office Building
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721 Medical Center Dr, Wilmington, NC 28401

Master-leased office facility serving federal homeland security and maritime operations.

Property SizeContact for details
Days on Market143

Property Features for 721 Medical Center Dr

General Information

Standard status Active
Property subtype Office

Building Details

Tenancy Multi
Listing Agency: Colliers - Dallas, Texas
Listed By: Geoff Ficke · License #TX 0593051
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 29 at 5:27PM

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 Colliers - Dallas, Texas

Investment Insights

Based on property information with market context.

This office building functions as a Sector Operations Center for the U.S. Coast Guard and U.S. Customs and Border Protection. The property is master leased to the U.S. Coast Guard, U.S. Customs and Border Protection, and U.S. Immigration and Customs Enforcement, creating an agency-occupied federal operations profile.

The General Services Administration has executed a 5-year lease renewal, including a 3-year non-cancellable period. The property is located at 721 Medical Center Drive in Wilmington, North Carolina, within the Wilmington metropolitan area.

Key Highlights

  • Master leased to the U.S. Coast Guard, U.S. Customs and Border Protection, and U.S. Immigration and Customs Enforcement
  • Sector Operations Center for the U.S. Coast Guard and U.S. Customs and Border Protection
  • GSA executed a 5‑year lease renewal

Property Analytics

Current Use

US Coast Guard ... Coast Guard Station U.S. Customs and Border ... Customs Office Tsr Inc Electronics & Wireless Store

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Building Supply Storage Facility Hair Salon

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,414
Businesses Nearby

Demographics for 28401, NC

22,204
Population
13,017
Households
1.7
Avg Household Size
41
Median Age
34%
College-Educated
88%
High-School Grad
31.0 sq mi
ZIP Area
716
Density / Sq Mi
$52,159
Median Household Income
$35,739
Median Earnings
$1,183
Median Rent
$263,000
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Master-leased office facility serving federal homeland security and maritime operations.
Where is this office building located?
The property is located at 721 Medical Center Dr Wilmington, NC.
What are key features of this property?
This property features: Master leased to the U.S. Coast Guard, U.S. Customs and Border Protection, and U.S. Immigration and Customs Enforcement; Sector Operations Center for the U.S. Coast Guard and U.S. Customs and Border Protection; GSA executed a 5‑year lease renewal
(972) 759-7814 Call to check price and availability
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