5745 Rosin Way Sarasota, FL 34233
- Commercial real estate
- 4,488 SF
- 1.96 lot acres
Current Use by Public Records
- Little Scholars Pre School / Preschool
- The Learning Cottage at Palmer Ranch / Preschool
Property Details for 5745 Rosin Way
- Year built
- 2004
- Lot size
- 1.96 lot acres
- Property size
- 4,488 SF
- Property type
- Commercial real estate
Description
This exceptional Sarasota office condominium presents a compelling investment opportunity. The 4,488 square foot, single-tenant building is currently 100% occupied by a daycare center under a net lease agreement, offering a stable income stream. Built in 2004, this Class B property boasts 13 parking spaces and sits on a 1.96-acre lot within a well-maintained office park. The property features a single story building with permitted CG zoning. The current asking price is $1,350,000, representing a price per square foot of $300.80 and a 5.47% cap rate based on a Net Operating Income (NOI) of $73,821. The lease includes a 3% annual rent bump, ensuring future income growth. This is a prime opportunity for investors seeking a tax-deferred 1031 exchange, offering a strong return on investment with a stable, long-term tenant. The property's strategic location near Clark Road and I-75 provides excellent accessibility. This is one of two buildings available for sale in this office park, offering a unique chance to acquire a well-located, income-producing asset. The property is conveniently located in Sarasota, Florida, zip code 34233, at 5745 Rosin Way.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sarasota
- County
- Sarasota
- State
- Florida
- Longitude
- -82.4662737
- Latitude
- 27.2701547
