921 Princess St, Wilmington, NC 28401
Wilmington, NC | 66,478.00 sq. ft. | Est $ 44,872.65/mo
| Space Available: | 66,478.00 sq. ft. |
| Type: | Industrial - Warehouse |
| Est. Rent: | $0.75/SF/Month $9.00/SF/Year |
The Soda Pop District is an urban live and work district bordered by Market and Chestnut Streets and between N. 7th and N. 13th Streets, just outside of Historic Downtown Wilmington and the Central Business District. The name of the district originated from the former Coca-Cola Bottling Plant that encompassed several blocks within this District. The main industrial building formerly used for bottling this famous product is now being revitalized as The Bottle Works Building. Since its origination, the districts community has evolved into a growing collection of entrepreneurial start-ups, non-profits, retail stores, breweries, restaurants, and entertainment venues. All of which is conveniently situated within this neighborhood urban environment just minutes from the heart of Downtown Wilmington. Welcome to Bottle Works! The New Bottle Works Building is located in the in the up-and-coming Soda Pop District of Downtown Wilmington. Historically known as the Coca Cola Plant, this landmark property is being redesigned into a brand-new multi-tenant urban flex-warehouse suitable for inventors, crafters, retailers, office users, food and beverage service providers, vendors, builders and event promoters. The building is currently undergoing renovations with plans to deliver a neighborhood style designed campus that offers various units for lease, ranging in size from +/- 400 SF to +/- 10,000 SF. Units will provide a variety of options to lease from warehouse and light manufacturing / assembly space, to retail and storefront opportunities. The majority of these units will be connected by common areas, both interior and exterior that will allow Tenants use of various building features, such as overhead drive-in doors, loading dock doors, warehouse space, retail storefront space and outdoor communal areas. In addition, the building will offer a new central interior common corridor that allows the public access to most areas of the building for shopping, attending live events or participating in local activities hosted by one the businesses at Bottle Works. The Base Rental Rate for each Warehouse Unit is being offered at $8.50 + TICAM. The Base Rental Rate for each Storefront unit is being offered at $20.00 + TICAM Water/sewer, electric, and gas are not separately metered. Tenant is responsible for phone/data, interior janitorial, and their pro-rata share of water/sewer, electric, and gas. This property is currently under renovation, please inquire with the Listing Broker to discuss upcoming delivery of renovated units. Showings are by appointment only. UMX: Urban Mixed-Use District
Warehouse Property Information
921 Princess St provides tenants 66478 square feet of warehouse space for rent in Wilmington, NC.
This property is ideal for businesses seeking quality space for distribution, manufacturing and other warehouse uses.
For more details about 921 Princess St or any other warehouses in Wilmington, NC request a complimentary property report.
Our free comprehensive warehouse availability report provides the amount of loading docks/drive-in doors, clear height, AMPS, office square footage, detailed floor plans, infrastructure, and other important details about 921 Princess St, Wilmington, NC.
In addition to your property inquiry, our local experts will provide you with other options that fit your search criteria.
If you would like to search for additional properties, visit our Wilmington, results page to view more alternatives now.
Wilmington Local Warehouse Experts
WarehouseSpaces has assisted numerous companies and businesses locate warehouses for rent throughout the Wilmington area.
Our local experts help companies ranging from small businesses to large multinational corporations.
Our comprehensive services are provided at no cost to our clients.
We assist Wilmington area companies at every step of the lease process from property selection, scheduling tours, negotiating favorable lease terms and landlord concessions.
In addition, our Wilmington, specialists provide complimentary space planning and lease review services to ensure you utilize space wisely and aren't losing money with unfavorable lease provisions.
Over the duration of a lease, our local experts can save you thousands of dollars, if not more by gaining free rent, early occupancy provisions, reduced rental rate, generous landlord covered tenant improvements and other considerations.
Call us today at (866) 980-0606 or fill out our requirement form to secure more info on the property of inquiry and free property availability report.
Frequently Asked Questions When Leasing Warehouse Space
1. What does NNN mean in a warehouse lease, and what does it include? -
A Triple Net Lease (NNN) is a type of commercial real estate lease where the tenant is responsible for paying all operating expenses associated with the property, in addition to the base rent. These expenses typically include:
- Property Taxes: The tenant pays their share of the property taxes based on the leased space.
- Building Insurance: The tenant pays their share of the property taxes based on the leased space.
- Maintenance & Repairs: The tenant is responsible for maintenance and repairs of the leased space and common areas.
- Common Area Maintenance (CAM) Fees: The tenant covers the costs of maintaining common areas, such as parking lots, landscaping, and shared facilities.
2. What additional costs are associated with an NNN lease?+
NNN is the cost exclusively for rent. The operating costs associated with the space, which are an additional cost on top of the NNN, are referred to by landlords as NETs. These include:
- Property Taxes
- Building Insurance
- Maintenance & Repairs
- Common Area Maintenance (CAM) Fees
These costs are paid to the landlord on a monthly basis on top of the NNN rent. So, not only do you pay the NNN rent, but you also pay the operating costs associated with the space.
3. What utilities are tenants responsible for?+
In addition to the NETs, tenants pay separately for utilities such as:
- Electric
- Gas
- Internet
4. When you lease a warehouse, what are you responsible to maintain and repair?+
As a tenant, you are typically responsible for:
- Interior Maintenance: Upkeep of the interior spaces such as office areas, restrooms, and storage spaces.
- Repairs to Tenant Improvements: Any modifications or improvements made by you to the leased space.
- Regular Cleaning: Ensuring the leased space is clean and orderly.
- Minor Repairs: Fixing minor issues like changing light bulbs, maintaining HVAC filters, etc.
- HVAC Maintenance and Repairs: You are typically responsible for maintaining and repairing the HVAC system.
- Utilities: Maintenance of utility connections and payment for services like electricity, water, and internet.
5. What is the landlord responsible for maintaining and repairing?+
The landlord is generally responsible for:
- Structural Repairs: Major repairs to the building's structure, such as the roof, foundation, and exterior walls.
- Common Area Maintenance: Upkeep of shared areas like parking lots, landscaping, and common restrooms.
- Major Mechanical Systems: Maintenance and repair of major systems like HVAC, plumbing, and electrical systems.
- Building Insurance: Providing insurance coverage for the building itself.
- Code Compliance: Ensuring the building complies with local building codes and safety regulations.
6. When you lease a warehouse, what are you responsible to maintain and repair?+
As a tenant, you are typically responsible for:
- Interior Maintenance: Upkeep of the interior spaces such as office areas, restrooms, and storage spaces.
- Repairs to Tenant Improvements: Any modifications or improvements made by you to the leased space.
- Regular Cleaning: Ensuring the leased space is clean and orderly.
- Minor Repairs: Fixing minor issues like changing light bulbs, maintaining HVAC filters, etc.
- HVAC Maintenance and Repairs: You are typically responsible for maintaining and repairing the HVAC system.
- Utilities: Maintenance of utility connections and payment for services like electricity, water, and internet.
7. What is the landlord responsible for maintaining and repairing?+
The landlord is generally responsible for:
- Structural Repairs: Major repairs to the building's structure, such as the roof, foundation, and exterior walls.
- Common Area Maintenance: Upkeep of shared areas like parking lots, landscaping, and common restrooms.
- Major Mechanical Systems: Maintenance and repair of major systems like HVAC, plumbing, and electrical systems.
- Building Insurance: Providing insurance coverage for the building itself.
- Code Compliance: Ensuring the building complies with local building codes and safety regulations.
8. When you lease a warehouse space, who is responsible for what insurance costs?+
Tenant Responsibilities:
- General Liability Insurance: The tenant typically covers general liability insurance to protect against claims of bodily injury or property damage that occur within the leased space.
- Property Insurance: The tenant is usually responsible for insuring their own personal property and inventory within the warehouse.
- Business Interruption Insurance: The tenant may also be responsible for obtaining business interruption insurance to cover lost income in the event of a disaster or unexpected event that disrupts operations.
- Workers' Compensation Insurance (California): In California, the tenant is responsible for providing workers' compensation insurance for their employees.
- Automotive Insurance: The tenant may also be required to show automotive insurance for company vehicles.
9. Can tenants change the space, and is it required to ask the landlord first prior to making changes to the space?+
Landlord Responsibilities:
- Building Insurance: The landlord typically provides insurance coverage for the physical structure of the building, including the roof, walls, and foundation.
- Liability Insurance for Common Areas: The landlord is responsible for insuring common areas and protecting against claims arising from accidents or injuries that occur in shared spaces like parking lots, lobbies, and hallways.
- Tenant Changes: Tenants can make changes to the leased space, but it is typically required to ask for the landlord's approval first.
- Landlord Approval: Major modifications, such as structural changes, installation of fixtures, or significant alterations, usually need written consent from the landlord.
- Minor Changes: Some minor changes, like painting walls or minor cosmetic adjustments, may be permitted without approval, but it's best to check the lease agreement for specific guidelines.
- Restoration: Tenants may be required to restore the space to its original condition at the end of the lease term unless otherwise agreed upon with the landlord.
Local Contact
By clicking Submit, you agree to our terms of user and privacy policy.
You will receive:
Free report on your selected warehouse
No obligation advice from local broker specialist
Details on Landlord incentives and special offers
Thank you for your submitted.
A member of our team will reach out to you shortly with a professional non-obligation free property report and new listings as they hit the market.
Struggling to Find the Right Warehouse?
Get a Free Property Availability Report
Our local experts will deliver to you immediately a no-obligation, comprehensive report with exclusive, off-market listings and below-market priced options.
Confidentiality: Your privacy is important to us. Your information will not be shared or sold to third parties.