1051 Military Cutoff Road | Suite 200 | Wilmington, NC 28405

p. 910.344.1000 | f. 910.344.1020 | capefearcommercial.com

1551 POINT HARBOR RD. | WILMINGTON, NC | NEW HANOVER COUNTY DEVELOPMENT OFFERING

WP #12

POINT HARBOR

PPD

NORTH

WATERFRONT PARK

(COMING SOON)

CITY BLOCK

APARTMENTS

PIER 33 APARTMENTS,

MARINA AND AMPHITHEATER

EMBASSY

SUITES

WILMINGTON

CONVENTION

CENTER

COASTLINE EVENT &

CONFERENCE CENTER

CAPE FEAR

COMMUNITY COLLEGE

BANK OF

AMERCIA

CFCC HUMANITIES

AND FINE ARTS

THE HILTON

BB&T

CONTACTS

Brian Eckel, SIOR PARTNER

910.344.1001 DIRECT

910.520.8780 MOBILE

brian@capefearcommercial.com

Bryce Morrison SENIOR VICE PRESIDENT

910.344.1011 DIRECT

910.367.3322 MOBILE

bryce@capefearcommercial.com

Paul Loukas, CCIM SENIOR VICE PRESIDENT

910.344.1008 DIRECT

910.540.5045 MOBILE

paul@capefearcommercial.com

DISCLAIMER The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving

it from Cape Fear Commercial and should not be made available to any other person or entity without the written consent of Ca pe Fear Commercial. This

Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish o nly a preliminary level of interest

in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Cap e Fear Commercial has not made

any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial

performance of the property, the size and square footage of the property and improvements, the presence or absence of contami nating substances, PCB’s

or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the fi nancial condition or the business

prospects of any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been

obtained from sources we believe to be reliable; however, Cape Fear Commercial has not verified, and will not verify, any of the information contained herein, nor

has Cape Fear Commercial conducted any investigation regarding these matters and makes no warranty or representation whatsoev er regarding the

accuracy or completeness of the Information provided. All potential buyers must take appropriate measures to verify all of th e information set forth herein.

Located on the Cape Fear River in Wilmington, NC, the Subject consists of over 29 acres

that contains over 1,200 feet of waterfront. The site benefits from tremendous views of

downtown Wilmington along with exceptional accessibility and visibility from the Isabella

Holmes Bridge and US Hwy 421.

Of note, there has been over $300 million invested in new development in Downtown

Wilmington since 2014, to include several new hotels, apartment complexes and other

commercial projects. In addition, the City of Wilmington is planning for North Waterfront

Park, which will be located directly across the river from the Subject and is expected to

open Fall 2019.

ADDRESS: 1551 Point Harbor Road

Wilmington, North Carolina | New Hanover County

PARCEL ID: R04700-003-001-000

ACREAGE: +/- 29.11 Acres

ZONING: RF-MU (New Hanover County), which is a mixed-use designation

that permits a variety of commercial, retail, and high-density

residential / multifamily.

WETLANDS: See Page 6

UTILITIES: See Page 8

FLOOD ZONE: AE-9

IMPROVEMENTS: Multiple buildings, totaling over 15k SF of warehouse and office.

In addition, there are two piers located on the property that are

over 440’ linear feet combined,

CAMA PERMIT: There is an approved CAMA Major permit to construct twenty-one

wet boatslips (25’-30’ in length each) as well as a 200 slip enclosed

drystack storage building.

See Page 7

LEASES: There are several short-term leases on the Property.

TRAFFIC COUNTS: 34,214 VPD (September 2017) on Isabel S. Holmes Bridge *Wilmington Urban Area Metropolitan Planning Organization (WMPO)

PRICE: Please Inquire

SELLER: Old Wilmington Shipyard, LLC and Holmesbridge, LLC

Cape Fear Marina, LLC

DUE DILIGENCE: Click HERE to access due diligence documents.

SUMMARY

1551 POINT HARBOR RD.

WILM INGTON, NC 5

GIS AERIAL

1551 POINT HARBOR RD.

WILM INGTON, NC 6

SURVEY & FORMER WETLANDS

1551 POINT HARBOR RD.

WILM INGTON, NC

7

CAMA PERMIT

1551 POINT HARBOR RD.

WILM INGTON, NC

8

EXISTING & PROPOSED WATER & SEWER

1551 POINT HARBOR RD.

WILM INGTON, NC

9

SAWMILL POINT

APARTMENTS

CFCC HUMANITIES

AND FINE ARTS

PPD

CITY BLOCK

APARTMENTS

BANK OF

AMERCIA

CAPE FEAR

COMMUNITY

COLLEGE

PIER 33 APARTMENTS,

MARINA AND AMPHITHEATER

EMBASSY

SUITES

COASTLINE EVENT &

CONFERENCE CENTER

WILMINGTON

CONVENTION CENTER

THE HILTON

BB&T

PUBLIC

LIBRARY

THALIAN

HALL

CITY OF

WILMINGTON

RIVERVIEW

SUITES

CAPE FEAR

COMMUNITY

COLLEGE

MULTI MODAL

CENTER

HAMPTON

INN

RIVER

PLACE

(COMING SOON)

AERIAL VIEW

1551 POINT HARBOR RD.

WILM INGTON, NC

10

AERIAL VIEW

1

KEY

1 SAWMILL POINT APARTMENTS

Units: 278 | Occupancy: 71% |Avg. Rent: $1,461 *

https://www.bellapartmentliving.com/nc/wilmington/ sawmill-point/index.aspx

2 ISABEL HOLMES BRIDGE

34,214 VPD (Sept’17)

Wilmington Urban Area Metropolitan Planning Organization http://wilmingtonnc.maps.arcgis.com/apps/webappviewer/index.html?id=3ee6ca1a009f42dcacba38834593dcf2

3 UPPER DEAN

5.29 Acres | Proposed Multifamily

Under Contract

4 NORTH WATERFRONT PARK

6.6-Acre City Park | Exp. Completion: Fall 2019 *

https://www.wilmingtonnc.gov/departments/ city-manager/north-waterfront-park

5 CITY BLOCK APARTMENTS

Units: 104 | Occupancy: 93% |Avg. Rent: $1,170 *

https://www.cityblockapts.com/

6 PPD Global Contract Research Organization Employees: 1,200 (Local) | 20,000 (World Wide)

https://www.ppdi.com/

7 PIER 33 APARTMENTS

Units: 300 + 30K SF Retail | Exp. Completion: 2019

http://www.pier33apartments.com/

8 WILMINGTON CONVENTION CENTER

107,000 SF Convention Ctr. | 578 Parking Spaces

https://www.businessmadecasual.com/

1

2

3

4

5

6

7

8

*Per Market Survey, March 2018

1551 POINT HARBOR RD.

WILM INGTON, NC

11

PROPERTY PHOTOS

1551 POINT HARBOR RD.

WILM INGTON, NC

12

EXISTING IMPROVEMENTS

1551 POINT HARBOR RD.

WILM INGTON, NC

13

LOCATION MAP

Cape Fear Commercial is a boutique commercial real

estate firm based in Wilmington, North Carolina. We

specialize in providing targeted brokerage, property &

facil ities management, and development services.

For over 15 years, our team of elite professionals

has helped owners, users, developers and investors

successfully navigate the real estate market. We are

consistently recognized as an industry leader for the

unique perspective we bring to every project.

1051 M ILITARY CUTOFF ROAD | STE. 200 | WILMINGTON, NC 28405

p. 910.344.1000 | f. 910.344.1020

www.capefearcommercial.com