This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
This Multifamily Property is no longer advertised on LoopNet.com.

Bmo Bank
Sarasota, FL 34236
New NNN Lease- $266M+ Deposits- Irreplaceable · Multifamily Property For Sale · 157 Units

Investment Highlights

  • Brand New 10 Yr. Absolute NNN Lease with 40 yrs. of Options (8 - 5 yrs.)- BMO Bank (NYSE: BMO) - Fee Simple Condo
  • S&P Rated A+ Credit Tenant with 3% Bumps ever 5 yrs. - Zero Landlord Duties- BMO Ranks #10 Forbes “World’s Best Banks” 2020
  • BMO Named “Best Private Bank in Canada for 10th Consecutive Year” 2020 - Market Cap $36B+
  • Relocation of Bank & Wealth Management Center in Downtown Sarasota- Deposits $266M- Trophy Coastal Area
  • #1 BMO Branch in Florida - 8th Largest Bank in U.S. by Assets - 12M Customers/$987B in Assets- Diversified Financial Services/ Wealth Management
  • Generational Opportunity in Tax Free Growth Market of Soutwest Florida- Wealthiest Communities of Sarasota/Longboat Key/Siesta Key

Property Facts

No. Units 157
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class A
Lot Size 1.66 AC
Building Size 900,882 SF
No. Stories 12
Year Built 2020
Parking Ratio 0.14/1,000 SF
Zoning C - Commercial

Amenities

Unit Amenities

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Microwave
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Quartz Countertops

Site Amenities

  • 24 Hour Access
  • Concierge
  • Fitness Center
  • Pool
  • Property Manager on Site
  • Security System
  • Spa
  • Waterfront
  • On-Site Retail
  • Roof Terrace

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 2027-03-4016
  • 2027-06-0027
  • 2027-03-4001
  • 2027-03-4091
  • 0000-00-8629
  • 2027-03-4034
Land Assessment
$520,300
Improvements Assessment
$6,336,900
Total Assessment
$7,647,215
  • Listing ID: 20912398

  • Date on Market: 9/10/2020

  • Last Updated:

  • Address: Bmo Bank, Sarasota, FL 34236

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}