Office
Administrative

213 Racine Drive

213 Racine Drive,  Wilmington, North Carolina 28403

For Sale

$2,075,000

About 213 Racine Drive

Cameron Management is pleased to exclusively present the opportunity to purchase 213 Racine Drive (the “Property”), a stabilized income office opportunity in the booming Wilmington, NC market. The Property consists of a two story, +/- 11,580 square foot office building constructed in 2004 and situated within the 3-acre Racine Business Court office complex. Strategically located in the University trade area, the property is prominently positioned to benefit from the growth in the Midtown and Mayfaire submarkets. The property is 100% leased to Risk Placement Services, Inc., which is a wholly owned subsidiary of Arthur J. Gallagher & Co (“AJG”). AJG is a US-based global insurance brokerage and risk management company with over $5.7 billion in total adjusted revenues. The investment opportunity provides attractive risk adjusted returns and an opportunity for yield enhancement with mark to market leasing in a high cost construction market.
Investment
Yes
Single-Tenant
B
Existing
2004
2
7.72%
11,580 SqFt
5,750 SqFt
Wilmington
Midtown
Attachments & Links
Marketing_Flyer_213_Racine_Drive.pdf

Hill Rogers

Broker-in-Charge

Cameron Management

1201 Glen Meade Road
Wilmington, NC 28401


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