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5500 Bee Ridge Rd 1,187 SF Office Condo Unit Offered at $395,000 in Sarasota, FL 34233
INVESTMENT HIGHLIGHTS
- Located along a major thoroughfare to downtown Sarasota.
- This property is strategically located 1/2 mile west of I-75 exit 207.
PROPERTY FACTS
| Total Building Size | 9,146 SF | Typical Floor Size | 937 SF |
| Property Type | Office (Condo) | Year Built | 1988 |
| Property Subtype | Medical | Lot Size | 0.64 AC |
| Building Class | B | Parking Ratio | 42.69/1,000 SF |
| Floors | 2 | ||
| Zoning | OPI - OPI (Office, Professional, Institutional) | ||
| Total Building Size | 9,146 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 937 SF |
| Year Built | 1988 |
| Lot Size | 0.64 AC |
| Parking Ratio | 42.69/1,000 SF |
| Zoning | OPI - OPI (Office, Professional, Institutional) |
AMENITIES
- 24 Hour Access
- Security System
- Signage
- Monument Signage
- Air Conditioning
1 UNIT AVAILABLE
Unit 201
| Unit Size | 1,187 SF | Cap Rate | 3.90% |
| Price | $395,000 | NOI | $15,410 |
| Price Per SF | $332.77 | No. Parking Spaces | 5 |
| Condo Use | Office | Sale Conditions | 1031 Exchange |
| Sale Type | Investment or Owner User | APN/Parcel ID | 0066-03-5007 |
| Unit Size | 1,187 SF |
| Price | $395,000 |
| Price Per SF | $332.77 |
| Condo Use | Office |
| Sale Type | Investment or Owner User |
| Cap Rate | 3.90% |
| NOI | $15,410 |
| No. Parking Spaces | 5 |
| Sale Conditions | 1031 Exchange |
| APN/Parcel ID | 0066-03-5007 |
DESCRIPTION
2nd floor adjacent to the elevator with a large Conference room, reception area, 4 large offices, and break area and private bathroom.
SALE NOTES
Do you have 1031E money you need to spend? Do you have plans to expand or downsize? The current Tenant has a 2yr year term (expires May 31, 2026) with one 2yr renewal option. The Condo fee's recently were raised to replenish the Reserve Fund that was impacted by most the recent hurricane(s) impacting the CAP rate. This property is strategically located 1/2 mile west of I-75 exit 207.
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MAJOR TENANT INFORMATION Click Here to Access
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| Covenant Roofing Construction |
-
|
Jan 0000
|
| Condominium Associates LLC |
-
|
Jan 0000
|
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5500 Bee Ridge Rd
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