For Sale | Lakewood Ranch Office Building

Office for Sale
Catylist Listing ID: 30286707
Property Subtypes: Office Building
Building Size (RSF): 10,390 SF
Gross Building Area: See Agent
Gross Land Area: 0.85 Acres
Sale Price: $1,849,000
Unit Price: $177.96 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 9.11%
Last Updated: 6/7/2018

Overview / Comments

* Ideal for Owner/User/Investor; existing Lease in place through April 2020

* Building includes a mix of several private offices, open work space, conference
room, kitchen/break room, IT room, several restrooms

* Renovated in 2014, the concrete block building features a metal roof,
hurricane proof doors & windows, and six (6) new A/C units from 6 months to 2
years old

* Flexible floor plan - easily demised for additional tenants or future interior
buildout

* Features a backup generator for uninterrupted power supply during
emergencies and an approx. 600 SF, securely constructed walk-in vault

* Property includes a 8' overhead door with small warehouse space

* Extensive building security system: over 100 security cameras, card access
control security system, security proof overhead door

* Monument sign and ample parking - 26 surface spaces

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $11,015 (Annual)
Net Operating Income $168,450 (Annual)

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 0188011013
Zoning: PCD
Property Visibility: Good
Highway Access: This property is located within the Corporate Park of desirable Lakewood Ranch, approximately 5 minutes east of the I-75/University Parkway Interchange in Sarasota, FL.
Airports: SRQ International Airport
Area Description: The property is located approximately 5 minutes east of the I-75/University Parkway Interchange and within minutes to The Mall at UTC, a hub of national retailers and upscale restaurants, and Nathan Benderson Park, the site of the World Rowing Championships
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2005
Year Renovated: 2014
Construction/Siding: Block
Exterior Description: Concrete Block building with metal roof and hurricane proof doors and windows
Parking Type: Surface
Parking Description: 26 Surface spaces
Total Parking Spaces: 26
Zoning Description: PCD (Planned Commerce Development)

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 21,302 92,665
Median Age: 52.47 48.91
Households: 9,941 40,647
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