Sarasota Warehouse Portfolio

Industrial for Sale
Catylist Listing ID: 30051458
Property Subtypes: Flex Space, Free-Standing
Building Size (RSF): 25,270 SF
Gross Land Area: 1.72 Acres
Sale Price: $1,275,000
Unit Price: $50.46 PSF
Property Use Type: Investment
Building Name: Palmerwood Commercial Center
Usable Size (USF): 58,337 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/27/2017

Overview / Comments

Unique zoning allows for heavy use ideal for vehicle repairs, auto body shops and other heavy industrial uses. Steady cash flow history with several of the 14 tenants in place for over 10 years. One block off US 301 and minutes to Downtown Sarasota. Property consists of 3 Parcels with 4 warehouse structures. The other two property parcels are located at 1155 Palmer Wood Ct.

Attachments & Media

Financials

Finance Data Year 2017
Net Operating Income $98,682 (Annual)
Gross Operating Income $131,303 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Sarasota County
Tax ID/APN: 202509090010, 2025090011, & 2025090017
Zoning: IGD - INDUSTRIAL GENERAL DISTRICT
Property Located Between: 12th Street and 301
Airports: Sarasota Bradenton International
Area Description: Industrial area 10 blocks north of downtown Sarasota
Tenancy: Multiple Tenants
Total Number of Buildings: 4
Number of Stories: 1
Property Condition: Average
Year Built: 1983
Construction/Siding: Metal Siding
Parking Type: Surface
Heat Type: Electricity
Air Conditioning: Other
Internet Access: Cable
Zoning Description: IGD - Allows for vehicle related service and storage.
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Fee Simple
Legal Description: Contact Listing Agent

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,451 77,815 168,271
Median Age: 34.49 44.86 47.86
Households: 5,199 34,349 76,515

Contact

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