3402-3406 Magic Oak Ln Sarasota, FL 34232

This exceptional investment opportunity presents two fully leased office condominium suites totaling 2,500 square feet within the Oakwood Office Park in Sarasota, Florida. Each 1,250 square-foot unit boasts a reception area, five private offices, a copy/breakroom, restroom, and shared kitchenette. The single-story buildings, constructed in 2005 and renovated in 2010, are situated in a professional campus setting with ample parking. Currently 100% occupied by two tenants under a triple-net (NNN) lease, the property generates a strong NOI of $48,048, representing a 6.24% cap rate. Pro-forma NOI is projected at $58,248, yielding a 7.56% cap rate. The asking price is $770,000, or $308 per square foot. Conveniently located off Fruitville Road, the property enjoys proximity to I-75 (1.5 miles) and downtown Sarasota (3.5 miles). The property's APN is 0044145009, 0044145010, and is zoned OPI. This is a prime owner/user investment opportunity in a desirable Sarasota location. The property offers a blend of executive, medical, and traditional office space, making it suitable for a variety of businesses. The strong tenancy and location make this a compelling investment prospect with significant upside potential.