Manatee Business Park

Industrial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30732138
Property Subtypes: Flex Space, Free-Standing, Mixed Use, Light Industrial, Warehouse/Distribution
Status: Pending/Contingent
Building Size (RSF): 56,080 SF
Gross Building Area: See Agent
Gross Land Area: 3.30 Acres
Sale Price: $4,897,000
Unit Price: $87.32 PSF
Property Use Type: Investment
Building Name: Manatee Business Park
Sale Terms: Cash to Seller
Cap Rate: 7.33%
Last Updated: 6/10/2021

Overview / Comments

Manatee Business Park is located in Sarasota just about a mile north of Sarasota/Bradenton International Airport. With around +/- +/-56,000 sf of multi unit (22) warehouses ranging from 1355 sf to 4300 sf this park can accommodate all types of businesses. Manatee Business Park has 5 separate buildings on over 3.3 acres with the ability to develop more future multi tenant warehouses. Current ownership recently completed an enormous amount of capital improvements along with choosing quality tenants to occupy the park. Manatee Business Park gives the future owner the ability to transition rentals rates to maximize true market rents for a 10 CAP or more!

Clean Phase I was completed May of 2019
Capital Improvements have been permitted including but not limited to:
- Most Units Received New Handicap Restrooms
- Most Units got all New Electrical Upgrades
- Multiple Buildings have New Roofs
- Grading and Paving
- Many Updated Overhead Doors
- LED lighting
- Office Build outs
- Plumbing Updates
- Replacement of Sewer Lines
- Exterior and Interior Paint
and Much More

For Rent Roll and Proforma please complete the attached NDA with the Brochure.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Tax ID/APN: 6618300005, 6618700006, 6619200006
Zoning: HC/LM
Tenancy: Multiple Tenants
Total Number of Buildings: 5
Number of Stories: 1
Year Built: 1973
Year Renovated: 2021
Construction/Siding: Metal Siding
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,816 75,310 197,913
Median Age: 34.92 44.9 44.51
Households: 2,716 32,753 84,557


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