2117-2125 47 St | Sarasota Sarasota, FL 34234
Property Features for 2117-2125 47 St | Sarasota
General Information
- Size
- 12,000 SF
Building Details
- Year built
- 1999
Source:
Tcnworldwide
Listing Agent: Will Martin
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Warehouse Condos with Established Tenant
This sale includes two warehouse condos, each measuring 6,000 SF, for a total of 12,000 SF. The properties are being sold as a package and are subject to an existing lease with a single tenant. The tenant, a local garage door company specializing in installation, repair, and replacement, has a new three-year lease with two additional one-year options. The starting rent is $13 per square foot NNN. The property is located in an industrial park off 47th Street, offering convenient access to US-301 and a direct route to I-75 via University Parkway or Fruitville Road. It is also situated approximately 5 minutes from Downtown Sarasota and 10 minutes from the SRQ Airport. The location is well-suited for manufacturing, distribution, and storage. The sale is based on a newly executed lease with Impact Home Services, a locally owned franchise of Precision Garage Door, backed by Eagle Merchant Partners. The buildings are in great condition and offer ample parking.
Location Intelligence
Current Use by Public Records
Warehouses
Similar Places Nearby
Public Storage, Suncoast Executive Storage
Location Insight
- Map
- Local Demand
- City
- Sarasota
- County
- Manatee
- State
- Florida
- Longitude
- -82.5326
- Latitude
- 27.3688
Nearby Similar for Sale
FAQs
What type of property is this?
Warehouse - Two warehouse condos totaling 12,000 SF with a new lease.
Where is this warehouse located?
The property is located at 2117-2125 47 St | Sarasota Sarasota, FL.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: - Newly Reduced Price: $2.3M, equating to a 6.78% CAP Rate.; - Income-Producing: Package of two 6,000 SF warehouse condos (12,000 SF total) with an existing tenant.; - Tenant has a new 3-year lease with two 1-year options.