Sarasota Income Opportunity In Class A Facility

Industrial for Sale
Catylist Listing ID: 30819653
Property Subtypes: Flex Space, Office Showroom
Building Size (RSF): 31,556 SF
Gross Building Area: 31,796 SF
Gross Land Area: 54,000 SF
Sale Price: $5,950,000
Unit Price: $188.55 PSF
Ceiling: 20 ft. / 18 ft. Clear
Docks/Doors: 5 Doors
Office SF: 12,460 SF
Drive In Bays: 5 Bays
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN)
Building Name: Sarasota Income Opportunity In Class A Facility
Usable Size (USF): 31,556 SF
Sale Terms: Cash to Seller
Cap Rate: 6.67%
Average Occupancy Rate: 100
Last Updated: 11/11/2022

Overview / Comments

Chance to own a Class A facility in an OPPORTUNITY ZONE. Currently single tenanted by Club Car corporation who is the official golf car of the PGA of America, PGA TOUR Tournament Players Club (TPC) Network and European Tour. The building is comprised of 12,460 of exquisitely designed office space and 19,012 Sq Feet of flex warehouse. The structure is in excellent condition built in 2007. The warehouse has 3 Phase Power, with 5 combined separately metered open bays each with their own 12' X 10' or 14' X 10' roll up and individual access doors. Potential value add opportunity to convert to multiple if tenant were to ever vacate. Located next to the Rosemary District in Downtown Sarasota which is just minutes away from the city's downtown core.

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Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Sarasota County
Tax ID/APN: 2025150047
Zoning: IGD
Property Located Between: Tamiami Trail and US 301
Highway Access: I-75 is approximately 5 miles from the property.
Airports: Sarasota Bradenton International Airport
Site Description: Fully Developed
Area Description: Mix area surrounded by industrial, office and residential development.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 19,012 SF
Property Condition: Excellent
Year Built: 2007
Roof Type: Other
Construction/Siding: Steel Frame
Parking Type: Surface
Parking Description: 47 total parking space including 2 handicapped stalls
Total Parking Spaces: 47
Passenger Elevators: 1
Sprinklers: Wet
X-Phase: 3 Phase
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Package Unit
Lighting: Fluorescent
Internet Access: Cable, T1/T3
Zoning Description: The Industrial General district (IGD) is intended to provide areas where most industrial uses may locate, while other uses are restricted to prevent potential conflicts and to preserve land for industry. The development standards are intended to allow new development, which is similar in character to existing development while promoting viable and attractive industrial areas.
Lot Frontage: 135
Lot Depth: 399
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Fee Simple
Legal Description: LOTS 2, 3, 4, 5, 6, 7, 8 & LOT MARKED RESERVED, BLK C, SKINNER & WALTON SUB, CONTAINING 1.2 C-AC M/L

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,756 73,462 164,046
Median Age: 41.11 45.43 48.28
Households: 6,640 32,850 75,214


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