The Boardwalk

Office for Sale
Catylist Listing ID: 30205141
Property Subtypes: Office Building
Building Size (RSF): 21,580 SF
Gross Building Area: See Agent
Sale Price: $1,500,000
Unit Price: $69.51 PSF
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 6.63%
Last Updated: 5/16/2019

Overview / Comments

Sale Price: $1,500,000
Cap Rate: 6.63%
NOI: $99,393
Year Built: 2004
Building Size: 21,580
Zoning: CG
Submarket: South Sarasota
Price / SF: $69.51
Opportunity to purchase an Income Producing Office Building. The Boardwalk,
a 20,000 SF two story building in a prime location in South Sarasota. The property
is surrounded by retail and office and is part of the Palmer Crossing Retail
Complex. Access to the building is from Honore Avenue or Palmer Crossing
Circle, within the retail complex. The Boardwalk was built in 2004 and is on a long
term land lease. It has been very well maintained and updated. Complete
information available at:

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 0095050002
Property Located Between: Clark Road & Palmer Crossing Drive
Property Visibility: Excellent
Highway Access: I-75 via the I75/Clark Rd. interchange
Airports: SRQ International
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 2004
Year Renovated: 2006
Parking Type: Surface
Passenger Elevators: 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,564 60,912 137,585
Median Age: 51.23 49.6 50.79
Households: 3,055 28,315 64,003


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