Cash Flow Investment Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30406983
Property Subtypes: Day Care Facility, Free-Standing Building
Building Size (RSF): 6,300 SF
Gross Land Area: 15,895 SF
Sale Price: $825,000
Unit Price: $130.95 PSF
Ceiling: 16 ft.
Property Use Type: Investment
Building Name: Camp Bow Wow
Usable Size (USF): 6,300 SF
Sale Terms: Cash to Seller
Cap Rate: 7.1%
Average Occupancy Rate: 100
Last Updated: 4/9/2019

Overview / Comments

Single tenant income property located just minutes to the City of Sarasota Downtown Core. The tenant, Camp Bow Wow recent;y renewed there lease with 9+ years remaining at 3% annual escalations. Ideal location for dog day care due to close proximity to Downtown Sarasota.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $7,738 (Annual)
Gross Operating Income $73,586 (Annual)
Net Operating Income $58,575 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: City of Sarasota
Tax ID/APN: 0043130003
Zoning: IHD
Retail Clientele: Business
Property Visibility: Excellent
Largest Nearby Street: US 301
Feet of Frontage: 190
Airports: Sarasota Bradenton International Airport
Area Description: Primarily Retail and Industrial area 5 minutes to Downtown Sarasota
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 6,300 SF
Property Condition: Good
Year Built: 1975
Roof Type: Gable
Construction/Siding: Steel Frame
Total Parking Spaces: 12
Parking Type: Surface
Parking Description: Surface parking in front of the building.
Heat Type: Electricity
Heat Source: Baseboard
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Showroom is updated. Warehouse is used for dog day care and overnight stays.
Zoning Description: IHD
Lot Frontage: 190
Lot Depth: 80
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: COM AT SW COR OF SE 1/4 OF SW 1/4 OF NW 1/4 OF SEC 17-36-18 TH E 25 FT FOR POB TH NLY 115.45 FT TH ELY 200.16 FT TH SLY 122 FT TO S LINE OF NW 1/4 OF SEC 17 TH WLY 199 FT M/L TO POB LESS R/W FOR 17TH ST AS DESC IN OR 1975/2324 ALSO SUBJ TO 50 SF SIGNALIZATION ESMT TO COUNTY AS DESC IN OR 2246/386

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,220 82,852 169,446
Median Age: 34.26 44.94 47.61
Households: 5,381 36,859 76,869

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