Cobia Bay Retail Shopping Center

Shopping Center for Sale
Catylist Listing ID: 30171212
Property Subtypes: Strip Center
Building Size (RSF): 32,314 SF
Gross Land Area: 125,676 SF
Sale Price: $6,160,000
Unit Price: $190.63 PSF
Property Use Type: Investment
Building Name: Cobia Bay Retail Shopping Center
Usable Size (USF): 32,314 SF
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Last Updated: 11/5/2018

Overview / Comments

Cobia Bay Plaza is an extraordinary investment opportunity to purchase a 100% occupied commercial retail center on Fruitville Road. The property sits on approximately 125,676 SF and totals 32,314 SF of gross leasable area.

Located in the heart of the strongest retail gravity zone at the I-75 and Fruitville Road interchange, Cobia Bay builds upon the retail strength of two excellent adjacent shopping centers (Target and Publix anchored). Cobia Bay offers tenants exposure to 53,000 average daily vehicles passing in front of this plaza.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 0000008557
Retail Clientele: General
Property Located Between: On the NW corner of Fruitville Road and Richardson Way, approximately 1/3 of a mile to the west of the Target and Publix Shopping Center.
Property Visibility: Excellent
Largest Nearby Street: Fruitville Road
Feet of Frontage: 315
Traffic/Vehicle Count: 53,000
Highway Access: I-75
Airports: SRQ
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Excellent
Year Built: 2011
Parking Type: Surface
Total Parking Spaces: 88

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,442 71,236 183,709
Median Age: 42.3 47.02 47.48
Households: 4,122 31,725 82,120


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