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Category Archives: Property Closing

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804 S Kerr Ave – Closed

Category : Property Closing

800 S Kerr Ave – Closed!

ECCRE is excited to announce the closing of 804 S Kerr Ave. This tract of land was purchased by Wilmington Brew Co, the adjacent owner of 824 S Kerr Ave. The property transfer was completed in July for $350,000.00 for the 2.9 acres.

David Branton Represented the Sellers in the transaction!

David Branton – Broker with ECCRE

 


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13.1 Acres Sold in New Bern – NC

Category : Property Closing

4112 MLK Blvd – New Bern NC

Eastern Carolinas Commercial Real Estate is excited to announce the closing on 13.10 acres of commercial land and a 10,000 sf building in New Bern North Carolina. The tract of land is located on the left hand side of the road as you drive into New Bern on Hwy 17. ECCRE represented the Seller of the property. The new owner plans to build a Uhaul storage facility and moving truck rental on the property.

ECCRE was able to negotiate a $2,000,000.00 closing on the 13.10 acres.

Brokers Nicholas Silivanch and Garry Silivanch with ECCRE represented the Seller in the transaction.


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Recent Closing – 3015 Boundary Street Suite 10/11

Category : Property Closing

3015 Boundary Street – Suite 10/11 SOLD!!!!!

 

ECCRE is excited to announce the recent sale of the 2,000 sf of Industrial Flex Space in the North Kerr Industrial Park. The Owner Nix Investments was represented by ECCRE in the Sale to Ron Worthington a private owner. The sale closed in May.

Brokers Nicholas Silivanch and Garry Silivanch Represented the Seller in the transaction.


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ECCRE Helps to Break Ground on Medical Center Drive, in Wilmington NC

Steve Arp, Brokers Nicholas Silivanch and John Hinnant

Eastern Carolinas Commercial Real Estate Participated in our clients ground breaking event for the new Holiday Inn Hotel on Medical Center Drive in Wilmington NC. The hotel will bring a new addition to a underserved area in Wilmington. The site which is 2 acres closed last year.

John represented the Sellers prior to joining ECCRE and Nick Silivanch Represented the purchaser, Steven Arp.

To read more on the transaction click here. 


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Property Closing: 1.13 Acres of land in North Chase Industrial Park

Category : Property Closing

1.13 Acres of vacant land located at 4545 and 4549 Technology Drive, Wilmington NC

ECCRE is excited to announce the sale of 4549 and 4545 Technology Drive. Brokers Nicholas Silivanch and Garry Silivanch represented the seller in the transaction.

The 1.13 acres of land is located in the North Chase Industrial Park and will become home to several new flex buildings. The purchaser plans on developing the property to have three to four buildings to accommodate industrial and office users.

Nicholas Silivanch

Garry Silivanch

 

 

 


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Investment Sale Announcement: $2.25 Million Retail Center

1206 N Lake Park Blvd, Carolina Beach – Cross Bridge Village

 

ECCRE brokers Julie Stephenson and Garry Silivanch represented the purchasers in the acquisition of Cross Bridge Village Shopping Center in Carolina Beach.

The property is anchored by Michaels Seafood and is located at 1206 N Lake Park Blvd. The Center is 12,600 sf and is a mainstay for tourists and locals with a great tenant mix.

Check out the story which was in the Greater Wilmington Business Journal Here! 

Congrats Julie and Garry!.

 

Julie Stephenson

Garry Silivanch


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Investment Sale Closing – Mercantile Drive

Garry Silivanch, one of the firms partners, successfully closed on a 18,000 sf facility in Leland Industrial park last week. The 18,000 sf facility located at 2216 Mercantile Drive was recently leased by Garry who represented the ECCRE’s Client the Landlord.

Garry then after speaking with the client and moving on to phase 2 of ECCRE’s business plan for the property, sold the facility. This sale comes after Garry executed on the strategy of leasing the formerly vacate 18,000 sf building to a single tenant on a long term lease. He then put that investment sale out on the market, landing a contract within 48 hours of it being on the market.

The Sale brought a higher price for the owner than if it were to have been sold as is. This Lease up Disposition strategy is one of ECCRE’s core business pillars and one of our strengths.

 

Garry Silivanch

Great Job Garry!


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Sale: 10 Doctors Circle, Suite 1&2 – Supply, NC

Category : Property Closing

Eastern Carolinas Commercial Real Estate (ECCRE) Julie Stephenson & Bernadette Silivanch represented Wells Fargo Bank, National Association out of Texas in the Sale of the 6,050 SF office condo located at 10 Doctors Circle Suite 1&2 in Brunswick Medical Park. The Buyer, IRAP Investments, LLC is a Virginia Limited Liability company that purchased the medical office condo for $302,500.00 on March 2, 2017 as an investment. IRAP Investments LLC has the property listed with ECCRE to lease for $15.00 PSF NNN. From recent news, the U.S. Census Bureau stated that Brunswick County was ranked 2nd fastest growing in the U.S. With the high demand for medical facilities and expansions that’s happening around the Wilmington Area it won’t be unknown if this property gets leased by a medical user.


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Sell: 3973 Market Street, Unit A-B, Wilmington, NC

Category : Property Closing

ECCRE is excited to announce the sell of 3973 Market Street, Unit A-B, Wilmington, NC. Bernadette Silivanch was the lead broker on the transaction.  If there are any questions or comments on this deal please contact 910.399.4602.


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Par 5 Development closes prepares to Start Construction on Dollar General

Category : Property Closing

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ECCRE announces the closing at 1128 N Lake Park Blvd for $1,160,000.00 acre site Dollar General will be anchoring the site with some additional shop space.

For more on the Developments Story Click Here. 

In addition Harris Teeter has also gained momentum in the permitting process and will soon start construction on their site, a project ten years in the making.