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2616 Bee Ridge Rd
Sarasota, FL 34239
Office Property For Sale
Investment Highlights
- Annual 2% contractual rent escalations provide built-in income growth throughout the lease term and help increase the property's value over time
- Triple Net (NNN) lease requires the tenant to pay taxes, insurance, and maintenance, minimizing landlord responsibilities
- Brand-new sale-leaseback with new 5-year leases at closing on all three properties, delivering immediate, predictable cash flow
- New five-year sale-leaseback leases on all three properties deliver immediate, predictable cash flow from day one
Executive Summary
Ownership will consider offers for the portfolio in its entirety or individual property acquisitions.
Bee Ridge Road is one of Sarasota's primary commercial corridors, offering excellent access between Interstate 75, downtown Sarasota, and surrounding residential communities.
Sarasota continues to experience strong population growth and is home to an affluent, aging demographic that drives consistent demand for outpatient healthcare services.
The market is anchored by Sarasota Memorial Hospital and a robust healthcare network, making it one of Florida's premier medical real estate markets.
Bee Ridge Road is one of Sarasota's primary commercial corridors, offering excellent access between Interstate 75, downtown Sarasota, and surrounding residential communities.
Sarasota continues to experience strong population growth and is home to an affluent, aging demographic that drives consistent demand for outpatient healthcare services.
The market is anchored by Sarasota Memorial Hospital and a robust healthcare network, making it one of Florida's premier medical real estate markets.
Property Facts
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Office
Building Size
1,365 SF
Building Class
C
Year Built
1962
Price
$670,000
Price Per SF
$490.84
Cap Rate
7.37%
NOI
$49,384
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,365 SF
Building FAR
0.15
Lot Size
0.20 AC
Zoning
OPI, Sarasota - Commercial
Parking
9 Spaces (6.5 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | 0074-01-0108 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $414,779 |
Property Taxes
Parcel Number
0074-01-0108
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$414,779
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