Wilmington real estate firm breaks deal for popular Holly Ridge dental office

As development carries on to stretch from Wilmington, Cape Concern Commercial lately brokered a offer to keep a popular dental facility working in Holly Ridge.

In accordance to a CFC information launch, the Wilmington-based commercial true estate agency closed on the sale of a health care place of work setting up for Riccobene Associates Loved ones Dentistry, who officers stated experienced a “powerful, regional dental exercise.”

The 3,800-sq.-foot business constructing on the corner of U.S. 17 and Audio Road was offered for $1.55 million although a providing and purchasing course of action involving CFC officers. Riccobene Dentistry has many destinations through the point out.

The Riccobene Dentistry Holly Ridge area opened a pair of many years in the past soon after moving into the constructing as a tenant. Some of the specialties contain standard, cosmetic, and sedation dentistry. Residents in the site were beforehand served through White Dental.

According to the latest Onslow County documents, the .73 acre internet site is owned by White Dental Qualities, LLC. The outlined assessed worth is extra than $896,000 for the land and developing.

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It was emphasized in the announcement that exterior investors and regional prospective buyers are discovering investment opportunities beyond Wilmington. The Holly Ridge place in Onslow County is one of all those areas. In recent week, CFC brokered deals in rural areas. CFC representatives reported the scaled-down markets and traders are locating top quality assets with returns better than one’s in North Carolina’s larger sized marketplaces.

“In surrounding counties and throughout the state, we are seeing investors attracted to the larger cap fees,” stated Paul Loukas, CFC Broker-In-Cost in a news release.

CFC Vice President Patrick Riley extra that the retail sector shows huge assure in acquiring locations.

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“Specifically in conditions the place you have a assets situated on a important freeway together widespread commuting routes, it really is an perfect financial investment correct now,” he stated.

Amid other enhancement in rural spots, CFC a short while ago oversaw the sale of a $3.75 million 24-unit apartment sophisticated in Hampstead, off U.S. 17, in Pender County, identified as Ocean Highway Apartments. CFC officials reported populace advancement and the region’s job current market are bringing new multifamily advancement options in Hampstead. The Hampstead Bypass, a $429 million undertaking from the North Carolina Division of Transportation, was also stated as street enhancements that will website link Hampstead and Wilmington markets.

Linsey Hess, CFC vice president, stated the company saw a huge retail and multifamily increase in Brunswick County as Wilmington’s home for development begun to diminish. The traits are now happening in Pender, Hess claimed.

“The expansion outside of Wilmington, to the north and to the west permits these tertiary marketplaces to establish their have identities and attract. In Hampstead particularly, there’s so much extra to appear,” Hess claimed.

Reporter Chase Jordan can be achieved at [email protected].

This write-up initially appeared on The Day-to-day Information: Wilmington genuine estate agency closes on deal for Holly Ridge dentistry