July and August proved to be good months for commercial real estate sales and leases for Maus, Warwick, Matthews & Company. Our brokers were hard at work closing on sales and signing leases despite pandemic setbacks. Here are some deals that we closed over the past couple of months.
MWM Sales
MWM broker Steve Hall was a part of two commercial real estate property sales in August. The first property was 22,415 square feet of retail space in the Willow Woods shopping center off of Oleander Drive in Wilmington, NC. The closing date was August 5 and the final sales price was $2,500,000. It’s zoned as community business (CB) for investment use.
The second property was 0.47 acres of vacant land located on Wrightsville Avenue just as you are approaching Wrightsville Beach. This property is zoned C-5 for office or retail use. It has a 1,500 square foot building in place with excellent visibility. The closing date was August 7 and the final sales price was $700,000.
Lastly, MWM broker Jack Kilbourne was also part of a retail-commercial property sale back in July. This property consisted of 5,565 square feet of retail/office space that sat on 3.83 acres of land. It contains 3 parcels and is zoned RB for investment use. The owner plans to subdivide and sell the building with .95 acre, depending on the access easement structure.
MWM Leases
MWM broker John Futch leased some commercial space to new bakery Sweet D’s back in August. This property is located on 17th Street in Wilmington and is the new home to the family-owned and operated sweet treat shop.
We are very proud of our brokers for working hard and securing these great deals. As a company, we love getting to help our community members live out their dreams and find success here in Southeastern North Carolina. We look forward to the opportunities that the rest of the year will bring!