Multi-Tenant Industrial
1860 N Washington Blvd Sarasota, FL 34234
1860 N Washington Blvd, Sarasota, FL, 34234
Contact for pricing
For Sale
Contact for pricing
Two-property industrial portfolio on a highly trafficked corridor, offering multiple tenant spaces for diversified occupancy.
Property Size4,654 SF
Price / SF$343.79
Days on Market53
Property Features for 1860 N Washington Blvd
General Information
- Standard status
- Active
- Size
- 4,654 SF
- Property subtype
- Retail
Listing agency
Yoder Design & Development
Listed by
Paul Yoder · License #FL
Source
Crexi
Added: May 30 Updated: Jul 10 at 1:51PM Checked: Jul 21 at 12:32PM
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 Yoder Design & Development
Investment Insights
Based on property information with market context.
Yoder Design and Development presents a two-property, multi-tenant industrial portfolio in Sarasota, Florida. The offering is structured as an industrial income-producing package with diversified tenancy across the two properties.
The portfolio is located along the North Washington Boulevard corridor, identified in the remarks as highly trafficked, supporting straightforward access for day-to-day business activity. The address for the offering is 1860 N Washington Blvd, Sarasota, FL 34234.
This configuration can suit investors seeking an industrial portfolio format rather than a single-asset purchase, with multiple tenants represented within the broader industrial offering. It may also be of interest to buyers who prefer a portfolio approach to managing tenancy across two buildings, while maintaining an income-producing structure at the time of acquisition.
The portfolio is located along the North Washington Boulevard corridor, identified in the remarks as highly trafficked, supporting straightforward access for day-to-day business activity. The address for the offering is 1860 N Washington Blvd, Sarasota, FL 34234.
This configuration can suit investors seeking an industrial portfolio format rather than a single-asset purchase, with multiple tenants represented within the broader industrial offering. It may also be of interest to buyers who prefer a portfolio approach to managing tenancy across two buildings, while maintaining an income-producing structure at the time of acquisition.
Key Highlights
- Two‑property, multi‑tenant industrial portfolio in Sarasota, FL
- Located along the North Washington Boulevard corridor
- Portfolio features multiple tenant spaces for diversified occupancy
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.1k | $12.48 |
| − Vacancy | −$2.1k | −$0.46 |
| EGI | $55.9k | $12.02 |
| − OpEx | −$8.4k | −$1.80 |
| NOI | $47.5k | $10.22 |
4,654 SF · lease $12.48/SF/yr · vacancy 3.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$679.2K
$594.3K – $792.4K
NOI $47,543 @ 7.0% cap · market cap 2.97%
Second Best
Industrial
$559.3K
$489.4K – $652.6K
NOI $39,153 @ 7.0% cap · market cap 2.45%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,802 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Coley Credit Corporation
Loan Service
Mainely Trim & Upholstery
Auto Repair Shop
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FAQs
What type of property is this?
Warehouse - Two-property industrial portfolio on a highly trafficked corridor, offering multiple tenant spaces for diversified occupancy.
Where is this warehouse located?
The property is located at 1860 N Washington Blvd Sarasota, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Two‑property, multi‑tenant industrial portfolio in Sarasota, FL; Located along the North Washington Boulevard corridor; Portfolio features multiple tenant spaces for diversified occupancy
