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This month’s featured listing is located on Parker Farm Drive in Wilmington, NC. It is part of the Offices at Mayfaire I and is a great investment opportunity! Offices at Mayfaire I For Sale This class A office space is part of the Offices at Mayfaire I building and has a strong tenant for an income-producing property as a net leased investment (NNN). The space is zoned UMX, has 4,179 square feet of space and …Read More
Choosing a location for your commercial property can be a daunting task, but very doable when you prepare and have all of the information you need. There are a lot of moving parts and things to consider when looking for a commercial property, and it can be time consuming. It is important to do your research and consider the factors discussed below. Selection Process The process of choosing a location for your commercial property should …Read More
As we saw in our 2020 commercial real estate investment outlook at the beginning of the year, suburban areas are beginning to gain more attention as great places for living and working. Over the last couple of years, suburban migration patterns show millennials and other young couples have been moving to the suburbs to live and work. The covid-19 pandemic has only accelerated this switch. Investment opportunities in the suburbs are starting to compete with …Read More
Is your commercial space a little outdated? Or maybe you are just looking for a way to jazz things up? Making small improvements to modernize your commercial space can make a big difference in the long run! Whether it is retaining tenants, increasing rent charges or gaining business, it’s never a bad idea to make things modern and efficient. Here are 3 ways you can modernize your commercial space this year. Make Your Commercial Space …Read More
Class A Office Building This brand new class A office building in Scotts Hill is currently under construction and is projected to be complete later this summer. This property is located in the Scott’s Hill Medical Park along with Atlantic Surgicenter and New Hanover Regional Medical Center’s Emergency Department- North. The first floor is the future home of Wilmington Eye’s Scotts Hill location, and the second floor is completely available to lease. This space is …Read More
So, you’ve thought about investing in commercial real estate, and realize that purchasing real estate to expand your business can be expensive. While there is no one size fits all approach, you can either save up money to pay in cash, or take out a loan. Here are some things to think about if you are considering taking out a commercial real estate loan. Things to consider Not all loans are the same. Depending on …Read More
With there being so many changes to expectations we had for this year, it is important to evaluate some of the current commercial real estate trends to see where we are at. Technology Trends Technology of all sorts is rapidly evolving, and it is incorporating itself more and more into commercial real estate. E-commerce is extremely popular for thousands of items, now branching into the food and beverage industry. With an increase in e-commerce use, …Read More
The Whiteville Plaza shopping center is an excellent redevelopment property located between two major corridors, HWY 701 bypass and HWY 701 business. This shopping center is located between Wilmington, NC and Lumberton, NC in the retail center of Whiteville, NC. It has excellent visibility with 820 feet of frontage on HWY 701 bypass, 650 feet of frontage on HWY 701 Business, and 560 feet of frontage on West Hay Street. Additionally, with 14 acres of …Read More
With Wilmington shifting into phase 2 of reopening from COVID-19, there are some changes to some properties in town, specifically Bradley Creek Station. This 80,000 square foot office and retail complex has been under construction for many months now, and is seeing the light at the end of the tunnel. If you haven’t, read up on our last Update on Bradley Creek Station in Wilmington, NC. Bradley Creek Station Safety Improvements In response to concerns …Read More
If you recently leased commercial space, or are thinking of it, you also probably have some renovations you would like to make to your new space. One way to make these renovations is by using a Tenant Improvement Allowance, also known as a TIA or TI. But what exactly is a Tenant Improvement Allowance and how does it work? What Is A Tenant Improvement Allowance? A Tenant Improvement Allowance is a way for landlords to …Read More
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