AAA Class Building!! Located near downtown Sarasota! Excellent 1031 exchange investment opportunity. Investor cash on cash return of 7% net.
The building is newly constructed, in 2017, to meet the best hurricane codes/standards. Clean, modern design and layout. Fully air-conditioned building. Excellent ceiling height. Good parking for downtown building. Just a few blocks from the bustling Rosemary District. Very close to multiple restaurants, shops, and apartment housing.
The building is currently leased to two tenants, but can be further divided into three suites, with separate meters in place to divide accordingly. High tech businesses currently leasing. GetFPV distributes drones and parts for drones. The company occupies about 16,000 s/f. Bogart Laboratories is a biomedical firm and occupies about 8,000 s/f of space.
Fantastic Investment opportunity near downtown Sarasota!. Strong leases in place. Newer modern industrial building. Solid concrete construction.