Investment Opportunity West of US-301
Industrial
for Sale
| Catylist Listing ID: |
30557186 |
| Property Subtypes: |
Flex Space, Free-Standing, Mixed Use, Light Industrial, Office Showroom, Research & Development, Other
|
| Building Size (RSF): |
24,157 SF
|
| Gross Land Area: |
54,678 SF
|
| Sale Price: |
$3,585,000 |
| Unit Price: |
$148.40 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/14/2021 |
Overview / Comments
AAA Class Building!! Located near downtown Sarasota! Excellent 1031 exchange investment opportunity. Investor cash on cash return of 7% net.
The building is newly constructed, in 2017, to meet the best hurricane codes/standards. Clean, modern design and layout. Fully air-conditioned building. Excellent ceiling height. Good parking for downtown building. Just a few blocks from the bustling Rosemary District. Very close to multiple restaurants, shops, and apartment housing.
The building is currently leased to two tenants, but can be further divided into three suites, with separate meters in place to divide accordingly. High tech businesses currently leasing. GetFPV distributes drones and parts for drones. The company occupies about 16,000 s/f. Borgart Laboratories is a biomedical firm and occupies about 8,000 s/f of space.
Fantastic Investment opportunity near downtown Sarasota!. Strong leases in place. Newer modern industrial building. Solid concrete construction.
|
Additional Details
| Nearest MSA: |
North Port-Sarasota-Bradenton |
| County: |
Sarasota |
| Taxing Authority: |
Public Records |
| Tax ID/APN: |
2025150017 |
| Zoning: |
INTENSIVE COMMERCIAL DISTRICT |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Property Condition: |
Excellent |
| Year Built: |
2017 |
| Roof Type: |
Flat |
| Construction/Siding: |
Concrete |
| Zoning Description: |
ICD: intensive Commercial District |
| Legal Description: |
COM AT SELY COR OF LOT 14, BLK D, AMENDED PLAT OF PART OF TH SW 1/4 OF SE 1/4 OF SEC 18-36-19, KNOWN AS SKINNER & WALTON SUB TH S 02-07 E ALONG WLY R/W OF OSPREY AVE 373.7 FT TO NLY |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
16,127 |
76,370 |
167,195 |
| Median Age: |
40.08 |
45.39 |
48.06 |
| Households: |
6,750 |
34,177 |
76,429 |
|
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