2150 Whitfield Avenue
25% Lease until 2029
Marketing description
2150 Whitfield Avenue is a 281,075-square-foot industrial warehouse and distribution facility on
roughly 12 acres in Sarasota's US-301 corridor. Built in 1984 with masonry and steel construction,
and updates as recently as 2005, the property sits less than five miles from Sarasota-Bradenton
International Airport (SRQ) and provides direct access to regional and national transportation
networks.
The facility is divided into three suites. Suites A and C, totaling approximately 214,668 SF, are
available for lease. Suite B (66,407 SF) is currently occupied by an existing tenant. The building's
14 dock-high doors, 3 grade-level doors, gated surface parking with 228 parking spaces, and
detached 16,116 SF office building make it well-suited for warehouse, distribution, light
manufacturing, and mixed warehouse/office operations.
Investment highlights
Prime Sarasota investment opportunity for a company owner-operator looking to secure space in the market. The property carries in-place cash flow through 2029, which offsets taxes and maintenance costs while the owner occupies their portion. Roughly 25% of the space is currently leased, and at least one additional unit is available to rent or occupy.
For investors, the asset combines existing tenancy with clear room to grow: the building can be demised to bring on additional tenants and capture lease-up upside. At the current price, the property delivers a 9% pro forma cap rate, with significant additional upside once the remaining space is rented.
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