Cape Fear Commercial Brokers the Sale of the Trane Building
Cape Fear Commercial
March 11, 2025
Wilmington, N.C. – Cape Fear Commercial (CFC), a leading commercial real estate firm in the region, is pleased to announce the sale of the Trane Building, a 20,140-square-foot industrial property located in North Kerr Industrial Park.
Lizzie Hawkins, Julia Eckel, and Lee Singleton of Cape Fear Commercial represented the seller, Dansura, LLC, while Lynn Harris with Berkshire Hathaway HomeServices represented the buyer, Grant Property Management Services, LLC. The transaction successfully closed on March 11, 2025, for $3,050,000.
According to Julia Eckel, “This transaction exemplifies the strength of market, and specifically the demand for industrial space.”
She went on to say, “We initially marketed this building for lease only, and the fact that a 19-year-old industrial property sold for over $150 per square foot underscores the significant supply-demand imbalance in our area—favoring industrial sellers.”
This sale reflects the ongoing momentum in Wilmington’s industrial market, driven by strong demand and limited supply of quality industrial properties.
About Cape Fear Commercial
Based in Wilmington, North Carolina, Cape Fear Commercial, LLC, is a boutique commercial real estate firm that provides targeted brokerage, property management and development services. The firm helps owners, users, developers and investors to successfully navigate the real estate market and is recognized as an industry leader for the unique perspective it brings to every project.