Fully Leased Medical Office Investment Opportunity

Office for Sale
Sale Pending
Catylist Listing ID: 30760438
Property Subtypes: Medical, Office Building, Other
Status: Pending
Building Status: Under Construction
Building Size (RSF): 6,777 SF
Gross Building Area: See Agent
Sale Price: $1,625,000
Unit Price: $239.78 PSF
Property Use Type: Net Leased Investment (NNN)
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Last Updated: 9/21/2021

Overview / Comments

Ian Black Real Estate is pleased to present the opportunity to purchase a fully leased medical condominium in Sarasota, FL. The property has been continuously occupied by the same tenant since 2009 and a recently signed five year extension runs through the end of 2025. The property is located on S Tamiami Trail, US 41, in close proximity to Siesta Key, Palmer Ranch and Gulf Gate neighborhoods etc.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 0103121006 & 0103121007
Zoning: OPI - OFFICE,PROFESSIONAL INSTITUTIONAL
Typical SF / Floor: 6,777 SF

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,927 57,035 128,484
Median Age: 55.9 52.95 51.82
Households: 5,712 28,438 61,628
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