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Suite 101 5208 Carolina Beach Rd 1,528 SF 4% Leased Flex Building Wilmington, NC 28412 $487,000 ($318.72/SF) 7.53% Cap Rate

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Executive Summary

Unit 101 is 1528 sq ft. This suite used to be a gym and is now an after school child care. The unit has HVAC, 2 showers, 1 sauna, flex space in the back with a garage door and a walk in door in rear, storefront doors in the front. Just signed a new tenant for a 3 year lease!

Unit_101_Stoked_Business_Park_Offering_Memorandum

Property Facts

Price	$487,000	Lot Size	1.82 AC
Price Per SF	$318.72	Rentable Building Area	1,528 SF
Sale Type	Investment or Owner User	No. Stories	1
Cap Rate	7.53%	Year Built	2020
Sale Condition	Lease Option	Parking Ratio	2.86/1,000 SF
Property Type	Flex OfficeLoft Creative Space Office Medical Office Office Residential	No. Drive In / Grade-Level Doors	3
Building Class	B
Zoning	B-2 - B2

Price	$487,000
Price Per SF	$318.72
Sale Type	Investment or Owner User
Cap Rate	7.53%
Sale Condition	Lease Option
Property Type	Flex OfficeLoft Creative Space Office Medical Office Office Residential
Building Class	B
Lot Size	1.82 AC
Rentable Building Area	1,528 SF
No. Stories	1
Year Built	2020
Parking Ratio	2.86/1,000 SF
No. Drive In / Grade-Level Doors	3
Zoning	B-2 - B2

24 Hour Access

Security System

Signage

Air Conditioning

Water
Sewer

Major Tenants

Advanced Air Solutions
Construction
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-
-
-

Stokley Development
Professional, Scientific, and Technical Services
-
-
-
-

Arts, Entertainment, and Recreation
-
-
Plus Utilities
Aug 2024

The Jiu-Jitsu Institute is a premier Brazilian Jiu-Jitsu gym with a modern, sleek design. They have nearly 1000 sq. ft. of mat space and a variety of classes for all ages, including classes for women, men, and children, no-gi classes, open lab hours for students, and free training each week for all students of BJJ, regardless of gym affiliation. The Jiu-Jitsu Institute focuses on teaching the highest level of technique and is dedicated to upholding the traditions, values, and authenticity of BJJ for years to come.

Tenant	Industry	SF Occupied	Rent/SF	Lease Type	Lease End
Advanced Air Solutions	Construction	-	-	-	-
Stokley Development	Professional, Scientific, and Technical Services	-	-	-	-
	Arts, Entertainment, and Recreation	-	-	Plus Utilities	Aug 2024

1 1

Aerial
Map

5208 Carolina Beach Rd, Wilmington, NC - Aerial map view - Image1

5208 Carolina Beach Rd, Wilmington, NC - Aerial map view - Image2

Fairly walkable

50/100

Exceptionally drivable

100/100

Limited public transit

30/100

Somewhat bikeable

30/100

Source: Local Logic^®

Property Taxes

Parcel Numbers	Multiple R07600-006-176-008 R07600-006-176-006 R07600-006-176-000 R07600-006-176-007 R07600-006-176-002	Improvements Assessment	$2,419,100
Land Assessment	$517,600	Total Assessment	$2,936,700