The WA Center

Industrial: Flex/R&D
Pending

7220 21st St E, SarasotaFL 34243

Property Details

Location

Address
7220 21st St E, SarasotaFL 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

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
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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.

CIE

Source: MFCRE

More Information

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