7188 15th St E - Showroom FOR SALE


Sarasota, FL 34243- Whitfield
$4,500,000 USD
941-914-6869
7188 15th St E, Sarasota, FL for Sale
$4,500,000 USD
Showroom - FOR SALE
1/5
null | Request Cap Rate

7188 15th St E
Sarasota, FL 34243
Whitfield


HIGHLIGHTS

  • Long-term Credit Tenant
  • NNN Lease

OVERVIEW

The subject property is located on Florida's southwest coast south of Tampa in the Whitfield Industrial Area of Southeast Bradenton, a midpoint between Downtown Sarasota and Downtown Bradenton. The surrounding neighborhood is mixed-use in nature and approximately 90% developed. Primary land uses in the area are industrial with some commercial mixed uses with immediate areas beyond comprised mainly of residential uses including single-family homes, condominiums, and mobile home parks. The property's location offers convenient access from US-301, US-41, and I-75 and is approximately 1 mile from The Sarasota-Bradenton International Airport.The subject warehouse unit is part of a three-building complex within the Newcraft Business Park. Per the County Appraiser, the subject unit contains 32,790 +/- SF of building area and has a zoning of LM - light manufacturing. As part of the Newcraft Business Park, Building "2" is a condominium subject to the Declaration, Other Easements, Restrictions, etc. The property is comprised of 27,174 +/- SF of open gymnasium area and 5,617 +/- SF of finished space (retail, lobby, reception, juice bar, offices), and 1,314 +/- SF of partially finished mezzanine area. The building has 100% HVAC, insulation, and fire sprinklers. The property is currently leased by longterm credit tenant, Evo Gymnastics, a world-class gymnastics training center.The subject warehouse unit is part of a three-building complex within the Newcraft Business Park. Per the County Appraiser, the subject unit contains 32,790 +/- SF of building area and has a zoning of LM - light manufacturing. As part of the Newcraft Business Park, Building "2" is a condominium subject to the Declaration, Other Easements, Restrictions, etc. The property is comprised of 27,174 +/- SF of open gymnasium area and 5,617 +/- SF of finished space (retail, lobby, reception, juice bar, offices), and 1,314 +/- SF of partially finished mezzanine area. The building has 100% HVAC, insulation, and fire sprinklers. The property is currently leased by longterm credit tenant, Evo Gymnastics, a world-class gymnastics training center.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$137 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Showroom

ADD'L SUBTYPES

Warehouse, Office Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

UTILITIES

-

CLEAR CEILING HT

26 Ft

DOCKS

-

DRIVE INS

8

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.31

LAND SF

56,901

ZONING

LM

APN/PARCEL ID

66311-0095-9

ASK ABOUT THIS PROPERTY

Larry StarrSVN | Commercial Advisory GroupMore Info
941-914-6869

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Larry StarrSVN | Commercial Advisory GroupMore Info
941-914-6869

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.