Horvath & Tremblay is pleased to present the exclusive opportunity to acquire Pen West Park, a multi-tenant office investment property located at 2801-2805 Fruitville Road in Sarasota, Florida (the “Property”). Constructed in 1986, Pen West Park consists of three, two-story buildings containing 99,849 square feet of rentable space within 117,156 square feet of total building area on 7.89 acres of land. Pen West Park is currently 86.23% occupied, with over 70% medical tenants, offering both strong in-place income and value-add potential through lease up of the vacant spaces. The Property is strategically located at the signalized intersection of Fruitville Road and North Tuttle Avenue, benefiting from extraordinary visibility and frontage on both roads and four total points of access. Fruitville Road (FL-780) is the primary commuter and commercial corridor running into downtown Sarasota, and the location is surrounded by dense residential neighborhoods, offering direct access to the Property without the inconvenience of a daily downtown commute. Positioned just minutes from the heart of downtown Sarasota, the Property benefits from proximity to a wide range of amenities, including national and local restaurants, retail centers, financial institutions, and professional services. Sarasota is home to pristine beaches and the surrounding area is continually ranked among the top travel destinations in the United States, funneling tourism dollars into the local economy.
ALSO AVAILABLE ARE THREE ADDITIONAL PROPERTIES: (These are not included in the Land Area above)
• 322 N Tuttle Avenue, a 624 square foot single family home on a 0.17-acre parcel of land.
• 332 N Tuttle Avenue, a 624 square foot single family home on a 0.17-acre parcel of land.
• 390 N Allendale Avenue, a vacant 1.01-acre parcel of land.