Property profile

298 N Corporate Dr Wilmington, NC 28401

FOR LEASE
Industrial land
Property ID
US53-0375633
28.16 ac lot
Entity Owned 4-yr Hold Free & Clear
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For Lease
Contact for pricing 288,174 SF available
298 N Corporate Dr, Wilmington, NC 28401
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 28.16 ac (1,226,650 SF)
APN 2291-76-0289-0000
UPID US53-0375633

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Warehouse & Storage

Location

298 N Corporate Dr Wilmington, NC 28401
Wilmington metro Census 920502 WILMINGTON, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$460k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$460k

Owner & transaction history

since 2022
4 recorded transactions
2024
Price N/A
2022
Price N/A
2022
$2.1M
2022
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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