Sale of 1930 Carolina Beach Road
Category : Closing - Sale , Property Closing
“Real Estate Solutions delivered in Real Time”
Eastern Carolinas Commercial Real Estate Inc is excited to announce the closing of 1930 Carolina Beach Road, also known as Summer Hill Square, a 3,800 sf retail strip center. ECCRE represented the Seller, Natson Enterprises in its disposition of the property. Carolina Commercial Investment Properties, represented the purchaser SEEK Land Holdings.
The ECCRE Team used its investment sale methodology know as REAA’s to take the center which had month to month rentals at under market pricing to securing two new leases and renewed another tenant at market rate and then went under contract before leasing out the last unit, as the new owners plan to use that space for themselves.
The Center is located near Downtown Wilmington, NC at the corner of Tennessee Ave and Carolina Beach Road, across from Greenfield Lake Amphitheater. This area of Wilmington has seen significant redevelopment, adaptive reuse and growth over the last several years and will continue to see growth and expansion in the future.
For more information please contact ECCRE and the Sales team for the property, Kelly Silivanch or Nicholas Silivanch at (910) 399 4602.