Class A Office Complex for Sale in the heart of Sarasota
Office
for Sale
| Catylist Listing ID: |
30820253 |
| Property Subtypes: |
Business Park, Office Building, Other
|
| Building Size (RSF): |
103,088 SF
|
| Gross Building Area: |
117,156 SF |
| Gross Land Area: |
9.25 Acres
|
| Sale Price: |
See Agent |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Building Name: |
Pen West Park |
| Class of Space: |
Class A |
| Usable Size (USF): |
103,088 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/15/2023 |
Overview / Comments
Pen West Office Park is a premier office complex in desirable Sarasota. The office park is centrally located on the Gateway to Downtown Sarasota (Fruitville Rd.) between I-75 and US 301. Pen West offers three office buildings situated on 7.9 acres. There is an additional 1.35 acres of land for future development. Site work and parking has been completed for future office pad. Each office is a two-story building with multiple units ranging from executive offices to units as large as 40,000 s/f. The three buildings total 103,088 square feet of space and feature an atrium area in the core of each structure. There is an abundance of natural light coming through numerous windows that brightens up the common areas and office suites throughout the building.
Pen West is ideally located with quick access to Downtown core and I-75. The buildings are situated at the lighted, heavily trafficked intersection of Fruitville Rd. and Tuttle Ave. Sarasota is experiencing significant growth and the Fruitville Rd. area is one of the main East/West connectors between Downtown and new communities to the East. This is a great opportunity for a developer and or investor looking to be in heart of Sarasota.
Contact agent for additional information and to schedule a private tour.
|
Additional Details
| Nearest MSA: |
North Port-Sarasota-Bradenton |
| County: |
Sarasota |
| Taxing Authority: |
Sarasota County |
| Tax ID/APN: |
2030130057 |
| Zoning: |
ORD - OFFICE REGIONAL DISTRICT |
| Property Located Between: |
Fruitville Rd. & Tuttle Ave. |
| Highway Access: |
I-75, US-301 |
| Airports: |
SRQ, Tampa International, Venice Regional |
| Total Number of Buildings: |
3 |
| Year Built: |
1986 |
| Parking Type: |
Surface |
| Zoning Description: |
BEG AT NE COR OF LOT 22 BLK A TH W 144.5 FT TH N 102 FT TH W 194.5 FT TH N 102 FT TH W 144.5 FT TH S 139 FT TH W 107.5 FT TH S 100 FT TH E 107.5 FT TH S 250 FT TH W 107.5 FT TO E R/W OF TUTTLE AVE TH S TO N R/W OF FRUITVILLE RD TH ELY ALG R/W OF FRUITVILLE RD TO W R/W OF DODGE AVE TH N 535.13 FT TO POB BEING PARTS OF BLKS A & AA & PORTION OF VACATED ST LYING BETWEEN SAID BLKS LESS R/W FOR TUTTLE AVE IN OR 2656/2269 CONTAINING 7.6 C-AC M/L PLAT OF AVION OR 2099/866 OR 2091/2638 OR 2076/108 OR 1956/1058 OR 2100/917 OR 2131/1624 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
15,193 |
95,932 |
177,124 |
| Median Age: |
39.9 |
45.28 |
47.4 |
| Households: |
6,530 |
42,711 |
80,329 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither My Florida Commercial Real Estate nor
Moody's assume any liability for errors or omissions.
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