2271 Whitfield Park Ave

Industrial for Sale
Catylist Listing ID: 30806198
Property Subtypes: Flex Space, Free-Standing, Industrial-Business Park, Manufacturing, Light Industrial, Net Leased, Warehouse/Distribution, Other
Building Size (RSF): 4,800 SF
Gross Building Area: See Agent
Sale Price: $1,200,000
Unit Price: $250 PSF
Docks/Doors: 2 Doors
Office SF: 1,000 SF
Drive In Bays: 2 Bays
Property Use Type: Net Leased Investment (NNN), Investment
Usable Size (USF): 4,800 SF
Sale Terms: Other
Cap Rate: 5.0%
Average Occupancy Rate: 100
Last Updated: 11/27/2022

Overview / Comments

Great investment opportunity in the heart of Sarasota’s Industrial Park listed at just below a 5 Cap, this property would be a great for a brand new or seasoned investor looking to add to their portfolio.

Less than 5 miles to SRQ International Airport. Less than 7 miles to I-75. Over two years left on lease. Leasee pays all expenses except property taxes. This property was just renovated in 2021 with all new paint, a 20-year roof coating, AC throughout, new 3 phase power, 3 remodeled ADA approved bathrooms, 2 fully remodeled offices and a brand new black top parking lot.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Tax ID/APN: 1868306257
Zoning: LM
Highway Access: Within 7 miles of I-75
Airports: Within 4 miles of SRQ international Airport
Area Description: One of the largest Industrial areas in Sarasota and Manatee Counties
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,800 SF
Property Condition: Excellent
Year Built: 1981
Year Renovated: 2021
Exterior Description: Mint
Parking Type: Surface
Parking Description: Newly paved blacktop
Total Parking Spaces: 15
Sprinklers: None
X-Phase: 3
Air Conditioning: Other
Lighting: LED
Interior Description: Brand new paint within, painted flooring, fully renovated ADA Approved bathrooms and renovated office space.
Zoning Description: LM
Lot Frontage: 100
Lot Depth: 150
Water Service: Other
Sewer Type: Other
Easements: Other
Legal Description: PI#18683.0625/7

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,332 73,685 197,034
Median Age: 39.41 45.84 44.25
Households: 3,956 31,788 84,202
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