Modern Industrial Facility Investment
2328 72ND E DRIVE Sarasota, FL 34243
For Sale
$2,790,000
State-of-the-art industrial facility with long-term NNN lease.
Property Size7,595 SF
Lot Size0.50 Acres
Price / SF$367.35
Days on Market680
Property Features for 2328 72ND E DRIVE
General Information
Standard status
Active
Size
7,595 SF
Lot size
0.50 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
2021
Listing Agency:
DALTON WADE INC
(941) 539-6299
Listed By:
Colette Kilgore · License #3530225
(941) 539-6299
Source:
Exitrealty
Added: Sep 18, 2024
Changed: Jul 6
Last Checked: Jul 29 at 8:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of DALTON WADE INC
Investment Insights
Based on property information with market context.
This industrial facility, constructed in 2021, offers an investment opportunity with a 10-year NNN lease generating $192,000 NOI. The lease includes 5% rent escalations every 3 years. The property encompasses 7,597 sq. ft. on a 0.5-acre waterfront lot within a modern industrial subdivision. Its location provides convenient access to US 301 and Whitfield Ave, and it is situated 10 minutes from SRQ Airport. The facility is designed to support high-performance operations, featuring three professional offices and a second restroom. It is equipped with 400-amp 3-phase power, dense high-amperage ceiling drops, high-output LED lighting, and premium compressed air lines. Additional features include a 300-gallon water treatment system, 3,000 PSI commercial-grade flooring, and acoustic ceilings. A fully integrated security system is in place. The property is climate-controlled with three 7.5-ton A/C units. The landscaping includes Royal, Foxtail, and Areca palms. The rear overhead door provides a lake view. All furniture and fixtures are included. The owner has invested $831,200 in upgrades. The property is intended for industrial and manufacturing use, and may be suitable for specialty commercial real estate purposes.
Key Highlights
- Generates $192,000 NOI with a 10‑year NNN lease at $16,000/month.
- Lease includes 5% rent escalations every 3 years.
- State‑of‑the‑art industrial facility built in 2021.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Manufacturing property - State-of-the-art industrial facility with long-term NNN lease.
Where is this manufacturing property located?
The property is located at 2328 72ND E DRIVE Sarasota, FL.
What is the asking price?
The asking price for this property is $2,790,000.
What are key features of this property?
This property features: Generates $192,000 NOI with a 10‑year NNN lease at $16,000/month.; Lease includes 5% rent escalations every 3 years.; State‑of‑the‑art industrial facility built in 2021.
