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2229 Whitfield Park Dr 14,400 SF Industrial Building Sarasota, FL 34243 $2,980,000 ($206.94/SF) 3.83% Cap Rate
Investment Highlights
- Excellent condition and location to highway and roads
- Multiple uses including industrial, warehouse and offices
- Fully leased
Executive Summary
Building on large lot with two tenants; one occupies 4400sq ft the other 10,000sq feet. They could remain or terminated with 120 day notice. The larger unit is occupied has 4 offices, a showroom-meeting room, a clean room area (1000sq ft), warehouse area with Phase III power, lunch room loading entrance. Four bathrooms included. The second unit is currently occupied with a granite cutting provider with Phase III power. The building is considered in excellent condition with many upgrades. It needs nothing.
Both tenants paying below market rent but are perfect payers. They wish to continue with their leases.
Both tenants paying below market rent but are perfect payers. They wish to continue with their leases.
Property Facts
| Price | $2,980,000 | Rentable Building Area | 14,400 SF |
| Price Per SF | $206.94 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1979 |
| Cap Rate | 3.83% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.69/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 20’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 0.86 AC | ||
| Zoning | LM - Light Manufacturing - Manatee County | ||
| Price | $2,980,000 |
| Price Per SF | $206.94 |
| Sale Type | Investment or Owner User |
| Cap Rate | 3.83% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.86 AC |
| Rentable Building Area | 14,400 SF |
| No. Stories | 1 |
| Year Built | 1979 |
| Tenancy | Single |
| Parking Ratio | 0.69/1,000 SF |
| Clear Ceiling Height | 20’ |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | LM - Light Manufacturing - Manatee County |
Utilities
- Lighting
- Sewer
- Heating
Somewhat walkable
30/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 18683-0500-9 | Improvements Assessment | $1,146,791 |
| Land Assessment | $270,406 | Total Assessment | $1,417,197 |
Property Taxes
Parcel Number
18683-0500-9
Land Assessment
$270,406
Improvements Assessment
$1,146,791
Total Assessment
$1,417,197
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Class, LLC
2229 Whitfield Park Dr
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