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    Category Archives: Closing – Sale

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    Sale of 1930 Carolina Beach Road

    “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.


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    Closed : Office Sale : Midtown Wilmington – 402 Carl Street

    402 Carl Street – Sold – Office Condos

    Eastern Carolinas Commercial Real Estate is excited to announce the closing of a office condo at 402 Carl Street. The three combined units were formally used by Tropical Tans. Purchased in 2019 by James Mastronardi owner of Ultra Tan, James wanted to rebrand the location and was in the process of doing so when COVID 19 hit and he instead shuttered the location and put it on the market with ECCRE.

    ECCRE brokers David Branton and Nicholas Silivanch represented the Seller in the transaction and the new buyers were represented by Coldwell Banker Commercial Sun Coast Partners.

    For the press release on the sale click the link below.

    Press Release Form – 402 Carl Street


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    Closed : 311 Railroad Street – Wallace, North Carolina.

     

    311 Raleigh Street – 63,000 sf Cold Storage Warehouse Sold

    Eastern Carolinas Commercial Real Estate is excited to announce the recent closing on 311 Railroad Street in Wallace NC. This 63,100 sf facility was leased by eGourmet who is now the owner. This is the third location this distribution company owns nationally.

    ECCRE Brokers, John Hinnant and Garry Silivanch were involved in the sale with John representing the Purchaser and Garry representing the seller. John had this to say about the transaction:

    “This property type is red hot in southeastern North Carolina with the state port’s cold storage facility reaching near capacity. We had a lot of interest from regional economic developers and end-users from around the country, especially because it is within 100 miles of the state port. During the global pandemic caused by Covid-19, eGourmet experienced tremendous growth in business and the available work-force in Duplin County made this an easy decision” – John Hinnant

    For the Press Release click the link below.

    Wallace – 311 Railraod Street – Press Release

     

    Eastern Carolinas Commercial Real Estate is always ready to help our clients and potential clients locate, invest or lease space throughout our region. If your looking to Commercial Real Estate advice or to hire a broker call us at (910) 399 4602 for a free consultation on your commercial real estate needs.

     

     


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    Hotel Closed – Redevelopment to Begin

     

    Closed – 2828 Market Street – Investment / Redevelopment Sale in Wilmington NC

    Eastern Carolinas Commercial Real Estate is excited to announce the recent closing of 2828 Market Street. The former Amerivu hotel sale closed in December. For more information please click the link to the attached Press Release.

    ECCRE Brokers John Hinnant and Nicholas Silivanch represented the Sellers in the multi-million dollar closing.

    The story was a feature article in the Wilmington Business Journal, click the link here to see the story.

    2828 Market Street – Press Release


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    CLOSED! 0.33 ac of Land in Midtown

    Category : Closing - Sale

    ECCRE is excited to announce another closing!  After targeting several trades as the ideal user, ultimately the perfect buyer was identified in a landscape services company. We are excited to see their business grow with this acquisition.

    Good work John!

    Need assistance with selling a lot or two?

    Contact ECCRE at 910.399.4602

     


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    CLOSED! 2100 SF Building on .14 acres Downtown Wilmington UMX Property

    Category : Closing - Sale

    ECCRE is excited to announce the closing of 1414 S 7th Street, Wilmington NC. The owners Hired ECCRE to help them quickly sell their property and the Team at ECCRE was able to get that accomplished. The UMX Downtown property was under contract within three days after listing.

    Nicholas Silivanch a Broker and Partner with the Firm was the lead agent on getting this deal done.

     

    Need an agent to assist you with selling your building?

    Contact ECCRE At 910 399 4602

    Nicholas Silivanch     Partner, Broker

     

     


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    Multifamily Land Development Acquisition : 17 Social

    Social 17 – New Multifamily project on S 17th Street in Wilmington NC.

    Eastern Carolinas Commercial Real Estate is excited to announce that their client DPJ Residential has purchased 7.8 +/- acres on South 17th Street for a new multifamily development called Social 17. For more information and to view the site plan please click the links below.

    Brokers represented DPJ Residential are Partner Nicholas Silivanch and Broker David Branton. If you have a tract of land you would like for our client to consider please reach out to us at (910) 399 4602.

    Partner and Broker – Nicholas Silivanch

    Broker, David Branton

     

     

     

     

     

     

    Wilmington Business Journal Article is located here. 

    17th Street Mixed-Use Rendered Site Plan_01.29.20

    ECCRE – Press Release – 17 Social


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    3729 Carolina Beach – SOLD

    Carolina Beach Road Site overview

    Carolina Beach Road Site Over view Map.

    ECCRE is excited to announce the recent sale of 3729 Carolina Beach Road. The property located at the intersection of Carolina Beach Road and Independence Blvd closed at $800,000.00

    This 2 acre parcel comes with Stormwater Detention and all utilities in place making it a ready to go site.

    The new owners are based out of New York and ECCRE will continue to work with the owners to bring Build to Suite and or Ground Lease opportunities to the property.

    Brokers David Branton and Nicholas Silivanch represented the sellers int the transaction which closed on 7/18/2019

    Partner and Broker – Nicholas Silivanch

    Broker, David Branton