Overview
Cushman & Wakefield, as exclusive advisor, is pleased to offer the opportunity to acquire the International Commerce Center I (the “Property”), a newly built, 283,773 square foot manufacturing and distribution facility located in the rapidly growing Wilmington market. The Property is fully leased with 4.7 years of term remaining and features a ±38% mark-to-market opportunity. This state-of-the-art facility features 32’ clear heights, LED lighting, ESFR sprinklers, and Class A office build outs.
The Property is ideally positioned along the future I-74, a four-lane highway providing direct access to I-95, I-140, and I-40 allowing for seamless regional access to the Southeast’s major population nodes. The Property is the first building in the International Logistics Park, a certified megasite, comprised of 1,040 acres with 1.1M SF of currently approved industrial development guaranteeing continued infrastructure investment. The International Logistics Park is one of North Carolina’s five certified megasites and one of only two located in the southeastern portion of the state providing quick access to the highly productive Port of Wilmington.
The ideal location makes the Property a highly desirable manufacturing and distribution hub for name brand national and global users in a rapidly densifying micromarket in the years to come.
Investment Highlights
CLASS A+ NEW CONSTRUCTION
- Built in 2021 & expanded in 2024
- Brand new precast concrete wall construction
- 32’ clear heights, ESFR sprinkler system, LED lighting
- Class A quality office finishes
FULLY LEASED WITH 38% MARK-TO-MARKET OPPORTUNITY
- 100% leased to four tenants with 4.7 years of remaining lease term
- Diverse tenant roster of Lowe’s Home Centers (S&P: BBB+), Kesseböhmer, Tri-Tech Forensics, and GCM
- Triple net leases in-place with 38% mark-to-market opportunity
- The combination of brand-new construction and favorable triple net lease structures provides a landlord with minimal risk
PREMIER LOGISTICS LOCATION
- Ideally located in the rapidly growing Wilmington Class A Industrial Market featuring over 3.5M SF of industrial space set to deliver by YE 2026 including Amazon’s largest facility in North Carolina at 3.2M SF
- Home to nationally recognized tenants including Amazon, Lowe’s, The Home Depot, and Trane
- Positioned along I-74 and only minutes to I-140 and I-40 providing unparalleled access to the Southeast’s major thoroughfares including I-95
- ±18 miles to the Port of Wilmington – North Carolina’s primary hub for containerized cargo, bulk, and breakbulk cargo
RAPIDLY DENSIFYING INDUSTRIAL MARKET
- First building located in the International Logistics Park – one of only two certified megasites in southeastern North Carolina
- International Logistics Park consists of ±1,040 acres with ±1.1M SF of approved industrial development and capability for additional future development
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