Toledo Blade Brand New Finished Office Buildings

Office for Sale
Catylist Listing ID: 30563563
Property Subtypes: Medical, Office Building
Building Status: Proposed
Building Size (RSF): 6,000 SF
Gross Building Area: See Agent
Sale Price: $1,140,000
Unit Price: $190 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: North Port Village Office Park
Class of Space: Class A
Sale Terms: Cash to Seller, Build-to-Suit
Cap Rate: Undisclosed
Last Updated: 8/31/2020

Overview / Comments

The brand new North Port Village Office Park is under construction on one of the busiest corridors in North Port. The office park is expected to have five 6,000 SF buildings with frontage on Toledo Blade Boulevard, less than a mile from Exit 179 of I-75. This is a great opportunity for a physician, attorney, or other professional to own their own brand new building without having to go through the hassle of purchasing raw land and developing the site themselves!

There are a multitude of possible configurations with finished buildings ranging in size from 5,000 SF to 20,000 SF. The sellers are currently building the first 6,000 SF professional office building in the park. This will allow them to be very efficient with plans, permits and construction. Expected delivery is Q3 or Q4 of 2020.

The City of North Port continues to be one of the fastest growing in the region with 3.3% population growth annually. The city has positioned itself as an inexpensive alternative to higher priced Sarasota and Venice. The North Port area has great access to those communities to the north, as well as Port Charlotte & Punta Gorda to the south, and the new massive West Villages master planned community which is the new spring training home for the Atlanta Braves.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 0961130300
Zoning: PLANNED COMMUNITY DEVELOPMENT (PCD)
Area Description: Toledo Blade Boulevard is one of only two major north-south thoroughfares in North Port that connect I-75 to U.S. 41 traversing through a massive residential area. Toledo Blade boasts the second highest traffic count in the area behind U.S. 41 with 19,300 average vehicles per day. These brand-new office buildings are well-positioned among a significant number of residential communities, as well as office, medical office, industrial and retail in close proximity. They are situated less than a mile south of Interstate 75 at a signalized intersection, and just the north of the intersection of Toledo Blade Boulevard & Price Boulevard. This area is the epicenter of new commercial development that includes a new Publix, Heartland Dental, Wawa, Auto Zone and Jiffy Lube.
Total Number of Buildings: 5
Number of Stories: 1
Year Built: 2020

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 37,482 56,903
Median Age: 38.03 42.05
Households: 13,699 22,106
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