226 Field End Street

Industrial for Sale
Catylist Listing ID: 30790389
Property Subtypes: Flex Space, Light Industrial, Other
Building Size (RSF): 8,222 SF
Gross Building Area: See Agent
Gross Land Area: 61,493 SF
Sale Price: $1,595,000
Unit Price: $193.99 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 5.31%
Last Updated: 11/17/2022

Overview / Comments

Fantastic opportunity to purchase two freestanding industrial/office flex buildings. The property consists of 8,222 SF with the majority of the buildings being office space. Existing tenant will vacate upon lease expiration on December 31st, 2022. The current cap rate at listing price is 5.31%. The front building can easily be separated into 4 units creating much more upside for future Tenants and rent is currently below market. Property has an above average parking ratio.

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Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 0210150008
Tenancy: Single Tenant
Year Built: 1994

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 12,528 89,000
Median Age: 45.57 48.59
Households: 4,800 38,619
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