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17423323
17423326

1909 Whitfield Park Loop, Sarasota, FL 34243

GO
FL SL3461965
NDC Commercial Real Estate
Listed by NDC Commercial Real Estate
$2,950,000
764 days on market
Updated 64 days ago

1909 Whitfield park

Details
APN 18683-0076-9
Property Type Industrial
Sub Type Distribution, Flex (+1)
Square Footage 18,000
Net Rentable (SqFt) 18,000
Units 3
Cap Rate 6.51%
NOI $192,000
Occupancy 66%
Tenancy Multi
Lease Type NNN
Lease Term 1
Lease Expiration 09/01/2026
Remaining Term 0.2
Rent Bumps Yes
Pro-Forma Cap Rate 9.76%
Pro-Forma NOI $288,000
Price per SqFt $164
Broker Co-Op Yes
Class B
Year Built 1973
Year Renovated 2024
Buildings 1
Stories 1
Acreage 1.1 - 1.4
Zoning LM
Parking Spaces 30 spaces
Parking Per SqFt 1.67
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 09/01/2025
Occupancy Date 09/01/2025
Ceiling Height 16

Incredible Industrial assets in the heart of one of the largest industrial ares in Sarasota.

Marketing description

Industrial Asset for Sale - 18,000 sq/ft, Zoned Light Manufacturing (LM). Comes with a 10 year roof coating warranty.

Completed; October 20, 2023

  • Ceiling Height: With a 14’ ceiling, this property provides abundant vertical space, perfect for accommodating large equipment or machinery.

  • Office Space: The property features around 2,500 sq/ft of air-conditioned office spaces, providing a comfortable and productive environment for employees and clients. Currently using Spectrum as the internet provider.

  • LM Zoning: Benefit from the LM zoning designation, which allows for a wide range of commercial and industrial activities and a broad range of all industrial uses.

  • Three-Phase Power: Great opportunity for equipment and other industrial opportunities that arise.

Location: Located within one of the largest industrial parks in the area, Whitfield Industrial Park. Located north of SRQ International Airport, with easy access to 301 and I-75.

Potential of over an 8 CAP!!

Current seller will offer seller financing, great rate!

Please Do not disturb tenant!

Investment highlights

One current tenant using 2/3rds of building. NNN lease at $16/SF. Great opportunity to lease out last 6k SF space and have over an 8% CAP rate. great for end user or investor looking to add to a great portfolio.

Listing Contacts

GO
FL SL3461965
NDC Commercial Real Estate
Listed by NDC Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$192,000.00
$16,000.00/mo

Valuation Metrics

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DSCR
6.51%
Cap Rate
6.51%
ROI

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Additional Information

Name
Gavin Oberlin
License
SL3461965
Brokerage Phone
9417200403
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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