The WA Center

Industrial: Flex/R&D

Pending

7220 21st St E, Sarasota, FL 34243

14 photos

Property Details

Location

Address: 7220 21st St E, Sarasota, FL 34243
County: Manatee
Submarket: Hillsborough Southeast
Parcels: 1985301759

Building Size

Building Size: —
Rentable Space: 12,000 SF

Building Details

Type: Industrial: Flex/R&D
Pending
Number of Buildings: 1
Occupancy Type: Multi-tenant
Percent Occupied: 100%
Building Class: —
Building Status: Existing
Floors: —
Year Built: 2008
Sprinklers: —
Total Parking: 20
Parking Ratio: —
Condominiumized: Yes

Industrial Details

Dock High Doors: —
Grade Level Doors: —
Cross Dock Doors: —
Ceiling Height: —
Rail Doors: —
Yard: —
Cranes: 0
Electrical: —
Industrial Space: —

Land & Utilities

Land (Acres): 0.89 Acres
Land (SF): 38,768 SF
Sanitary Sewer: Yes
Water: Yes
Rail Service: No
Zoning: LM - LIGHT MANUFACTURING (MANATEE COUNTY)
Lot Depth: 200 ft
Lot Width: 364 ft

Contacts

Current Listings

12,000 SF Fully-Occupied, Multi-Tenant Investment

Industrial Condo Pending Sale

12,000 SF$1,620,000

Cap Rate: 4.7%

Excellent opportunity to own a Well-Maintained, Fully-Occupied, Multi-Tenant Flex building with stable tenants in-place.

4.7% cap rate ($135/SF) based on below-market leases. Upside available as current tenant rates range from $7.68/SF to $10.14/SF (below current market levels).

The 12,000 SF building is platted to include 5 individual condominium units. Units 7220, 7222 and 7224 are each 2,000 SF. Units 7226 and 7228 are each 3,000 SF.

Plenty of parking is available (20 spaces) on this 0.89+/-Acre corner located property.

Great location in the US 301 corridor.

* DO NOT CONTACT TENANTS *

Excellent opportunity to own a Well-Maintained, Fully-Occupied, Multi-Tenant Flex building with stable tenants in-place.

4.7% cap rate ($135/SF) based on below-market leases. Upside available as current tenant rates range from $7.68/SF to $10.14/SF (below current market levels).

The 12,000 SF building is platted to include 5 individual condominium units. Units 7220, 7222 and 7224 are each 2,000 SF. Units 7226 and 7228 are each 3,000 SF.

Plenty of parking is available (20 spaces) on this 0.89+/-Acre corner located property.

Great location in the US 301 corridor.

* DO NOT CONTACT TENANTS *

View Details

Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

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Source: MFCRE

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