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Sarasota Commerce Center II 101 Paramount Dr 157,751 SF 70% Leased 4-Star Office Building Sarasota, FL 34232 $36,000,000 ($228.21/SF) 7.53% Cap Rate
Investment Highlights
- Class A office environment with Energy Star certification offering quality finishes and modern building systems
- Security card access, conference facilities, and an on-site fitness center providing key tenant amenities
- Exceptional parking capacity with 928 spaces supporting high user density at a 6.25/1,000 ratio
- Lakeside patio with seating and a landscaped campus setting that enhances tenant experience
- Located minutes from the I-75/Fruitville Road interchange for strong regional connectivity
- Walkable to restaurants, shopping, and daily-needs services in the Fruitville Road corridor
Executive Summary
The property is currently 94% leased, offering immediate stability with a minimal 6% vacancy rate. The rent roll is composed of a diverse roster of national and regional high-quality tenants.
SCC II is ideally located at the I-75 and Fruitville Road interchange, providing highly desirable regional connectivity. The property serves as a central hub,
situated just 15 minutes from both downtown Sarasota and Lakewood Ranch, two of the region's most vital business and professional centers. The surrounding area is an abundant "live-work-play" environment, with over 890,000 square feet of retail and dining within a half-mile radius.
The building’s design features highly functional and efficient floor plates that cater to a wide spectrum of corporate users. With available suite sizes ranging from 1,340 to over 28,000 square feet, the property offers the flexibility to accommodate everything from smaller professional firms to large-scale regional headquarters and back-office support operations.
Property Facts
Amenities
- Controlled Access
- Conferencing Facility
- Fitness Center
- Property Manager on Site
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Professional, Scientific, and Technical Services
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$9.99
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PBK began in 1981 as an architectural planning and design firm with a focus on educational facilities. The firm now provides integrated architecture, engineering, interior design, planning, technology, and facilities consulting services across education, sports, civic, healthcare, and corporate project types. PBK operates through a national network of offices and positions its work around coordinated design, planning, and client service for communities across the country.
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- Finance and Insurance
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Jan 0000
Zenith Insurance Company was established in 1949 in Woodland Hills, California, and has built a reputation in the insurance industry. The company specializes in workers' compensation insurance while also providing property and casualty coverage tailored to agricultural businesses. Operating through independent agents, Zenith serves a broad market across numerous states. The company became part of Fairfax Financial Holdings in 2010, expanding its capabilities while maintaining its specialized focus.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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Professional, Scientific, and Technical Services | - | $9.99 | Lorem Ipsum | - | |
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Finance and Insurance | - | - | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Suite 100 offers a polished Class A workspace with immediate access to the building’s upgraded common areas, providing a professional environment for larger office users. Tenants benefit from proximity to the shared conference center, as well as the landscaped lakeside patio that creates a peaceful outdoor setting ideal for breaks or informal meetings. Its location within the building makes it well suited for teams seeking efficiency, modern amenities, and a welcoming campus atmosphere
Suite 200 is the building’s largest contiguous offering, ideal for tenants requiring extensive space for collaborative departments or open workspace layouts. Its prominent location benefits from the building’s waterfront orientation, providing strong natural light throughout the day. With abundant on-site parking at an unmatched ratio, Suite 200 supports high-density operations while maintaining an attractive, accessible setting for employees and visitor
Suite 270 is a highly efficient smaller suite perfect for professional services, boutique operations, or a satellite office environment. Its close proximity to shared amenities—including the fitness center and conference spaces—adds meaningful value for small teams seeking convenience within a premier office address. Quick access to I-75 enhances mobility for both staff and clients, making this a strategic, approachable workspace option. [attachment...091518.031 | PDF]
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 100 | 17,511 SF | Office | Partial Build-Out | Now |
| 2nd Fl-Ste 200 | 28,390 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 270 | 1,340 SF | Office | Full Build-Out | Now |
1st Fl-Ste 100
| Size |
| 17,511 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
2nd Fl-Ste 200
| Size |
| 28,390 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 270
| Size |
| 1,340 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 100
| Size | 17,511 SF |
| Space Use | Office |
| Build-Out | Partial Build-Out |
| Available | Now |
Suite 100 offers a polished Class A workspace with immediate access to the building’s upgraded common areas, providing a professional environment for larger office users. Tenants benefit from proximity to the shared conference center, as well as the landscaped lakeside patio that creates a peaceful outdoor setting ideal for breaks or informal meetings. Its location within the building makes it well suited for teams seeking efficiency, modern amenities, and a welcoming campus atmosphere
2nd Fl-Ste 200
| Size | 28,390 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Suite 200 is the building’s largest contiguous offering, ideal for tenants requiring extensive space for collaborative departments or open workspace layouts. Its prominent location benefits from the building’s waterfront orientation, providing strong natural light throughout the day. With abundant on-site parking at an unmatched ratio, Suite 200 supports high-density operations while maintaining an attractive, accessible setting for employees and visitor
2nd Fl-Ste 270
| Size | 1,340 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Suite 270 is a highly efficient smaller suite perfect for professional services, boutique operations, or a satellite office environment. Its close proximity to shared amenities—including the fitness center and conference spaces—adds meaningful value for small teams seeking convenience within a premier office address. Quick access to I-75 enhances mobility for both staff and clients, making this a strategic, approachable workspace option. [attachment...091518.031 | PDF]
Property Taxes
| Parcel Number | 0047-06-0002 | Improvements Assessment | $22,527,500 |
| Land Assessment | $4,223,700 | Total Assessment | $26,751,200 |
Property Taxes
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Sarasota Commerce Center II | 101 Paramount Dr
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