8,589 SF Professional Office - Fully Leased Investment

Office for Sale
Sale Pending
Catylist Listing ID: 30713703
Property Subtypes: Business Park, Office Building
Status: Pending
Building Size (RSF): 8,589 SF
Gross Building Area: 8,999 SF
Gross Land Area: 35,370 SF
Sale Price: $1,399,000
Unit Price: $162.88 PSF
Property Use Type: Investment
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/11/2021

Overview / Comments

Very stable Investor or 1031 Exchange opportunity with well-capitalized tenant in a wonderfully finished, Professional Office facility.

Free-Standing, Fully-Leased Professional Office building in the Fruitville Rd corridor. Minutes to I-75!

This 8,589SF Office Building was completely renovated in 2012 for the current occupant. Currently occupied by a single tenant, the building includes the following features: Twin Reception/Welcome desks adjacent to the main entry, 7 Private Offices (each with exterior window), 2 Conference Rooms, 2 Open Office/Work areas, 2 copy areas, Full Break Room, 4 Restrooms serving the main office areas and an open warehouse/storage area with Roll-up door access.

Two Executive suites occupy the west portion of the building. Each is beautifully finished with glass door private entry, multiple windows providing plenty of natural light, meeting/sitting area, executive desk area with adjacent cabinet, private restroom with shower, wet bar, and private storage closet.

Over 4.5 years remain on the current lease term. Leased at under market rate with upside at lease expiration or should tenant vacate.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Sarasota County
Tax ID/APN: 0219040110
Zoning: PID - PLANNED INDUSTRIAL DEVELOPMENT
Year Built: 2006
Year Renovated: 2012
Construction/Siding: Block, Stucco
Parking Type: Surface
Parking Description: Private, asphalt-paved parking lot with access from Vicela Drive and Alafia Drive, just north of Fruitville Rd.
Zoning Description: PID - PLANNED INDUSTRIAL DEVELOPMENT - Sarasota County
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LOT 11, PALEO PARK OF COMMERCE

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 7,932 86,708
Median Age: 48.45 48.44
Households: 3,015 37,638

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