226 FIELD END ST

Florida > Sarasota

226 FIELD END ST - 226 Field End St, Sarasota, FL 34240

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For Sale

Industrial

Office

For Sale

This property is available for sale

1.41

Acres

$1,595,000

Sale Price

Year Built
1994
Total Building Size
8,222 RSF

Overview
Located east of I-75 off of Fruitville Road with easy access to Lakewood Ranch via Lorraine Road. Fantastic opportunity to purchase two freestanding industrial/office flex buildings. The property consists of 8,222 SF with the majority of the buildings being office space. It is currently occupied by one Tenant with a NNN lease that expires on 12-31-2022. The current cap rate at listing price is 5.31%. The existing tenant has an option to extend and rent is currently below market. The front building can easily be separated into 4 units creating much more upside for future Tenants. Property has an above average parking ratio.

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Property Details

Located east of I-75 off of Fruitville Road with easy access to Lakewood Ranch via Lorraine Road. Fantastic opportunity to purchase two freestanding industrial/office flex buildings. The property consists of 8,222 SF with the majority of the buildings being office space. It is currently occupied by one Tenant with a NNN lease that expires on 12-31-2022. The current cap rate at listing price is 5.31%. The existing tenant has an option to extend and rent is currently below market. The front building can easily be separated into 4 units creating much more upside for future Tenants. Property has an above average parking ratio.