Gorgeous Lakewood Ranch Building

Office for Sale
Catylist Listing ID: 30801692
Property Subtypes: Office Building
Building Size (RSF): 20,450 SF
Gross Building Area: 21,212 SF
Gross Land Area: 102,453 SF
Sale Price: $5,400,000
Unit Price: $264.06 PSF
Property Use Type: Investment
Building Name: Lakewood Ranch Town Center
Class of Space: Class B
Usable Size (USF): 20,450 SF
Sale Terms: Cash to Seller
Cap Rate: 6.0%
Last Updated: 11/23/2022

Overview / Comments

An award-winning Lakewood Ranch commercial building in a great location! Highly accessible, minutes off University Parkway and I-75 interchange and with quick access to a large workforce and the spectacular amenities of UTC regional shopping mall as well as Main Street Lakewood Ranch. Three years remaining on the current lease.

One-story, single tenant building with large central courtyard built in 1999 and renovated in 2008. New roof in 2021.
Price: $5,400,000
Size of office space: 20,450 SF
Excellent parking ratio: 5.26/1,000 SF
3 years remaining on the Lease.

* PLEASE DO NOT CONTACT THE TENANTS*

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Taxing Authority: Manatee County
Tax ID/APN: 587912709
Zoning: PD-MU
Property Located Between: Town Center Parkway and Exchange Way
Property Visibility: Excellent
Highway Access: Interstate 75 and US Hwy-301
Airports: Sarasota Bradenton International Airport
Site Description: An award-winning Lakewood Ranch commercial building in a great location! Highly accessible, minutes off University Parkway and I-75 interchange and with quick access to a large workforce and the spectacular amenities of UTC regional shopping mall as well as Main Street Lakewood Ranch.
Area Description: Lakewood Ranch is a planned community and census-designated place located in southeastern Manatee County and northeastern Sarasota County, Florida, United States consisting of approximately 31,000 acres. It is part of the North Port-Bradenton-Sarasota, Florida Metropolitan Statistical Area
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 20,450 SF
Year Built: 1999
Year Renovated: 2008
Parking Type: Surface
Parking Description: Well-maintained asphalt and concrete parking lot.
Heat Type: Electricity
Heat Source: Central
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LOT 31 LAKEWOOD RANCH TOWN CENTER PHASE 1 SUBPHASE B A/K/A OFFICE PARK PI#5879.1270/9

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,626 43,503 116,292
Median Age: 42.45 51.5 48.26
Households: 1,591 19,940 51,280

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