VENTURE23
Wilmington, North Carolina
LIGHT INDUSTRIAL/LIFE SCIENCE ASSET IN IRREPLACEABLE AIRPORT LOCATION
1519 North 23rd Street
Wilmington, NC
TOTAL SF: 110,134
AQUISITION: FEBRUARY 2022
Venture23 is a fully leased, multi-tenant light industrial/life science facility ideally positioned within the high-growth Wilmington, North Carolina market just minutes from Wilmington International Airport (ILM) and downtown Wilmington/historic Riverfront District. Situated on 7.14 acres, nearly 75% of the footprint is leased to Alcami Corporation (a CDMO for pharmaceutical and biotech firms) and features high-quality GMP, lab and R&D build out.
The property benefits from its desirable infill, airport adjacent location boasting historical occupancy rates for similar product nearing 100%.