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100 - 106 Cattlemen Road - Centennial Commerce Center, Sarasota, FL

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100 - 106 Cattlemen Road - Centennial Commerce Center

Sarasota, FL 34232-6307 - Sarasota Ind Submarket


Property Type:Industrial Sub Type:Manufacturing Status:Existing Year Built:1959
Building Size:306,877 SF Land Area:47 AC (2,047,320 SF)
Ceiling Height:18'0''-20'0'' Loading Docks:4 ext Rail:- Power:-
Smallest Space:12,409 SF Largest Space:12,409 SF Total Space Avail:12,409 SF Rent/SF/Yr:
$8.00
Zoning:ILW Sprinklers:- Drive Ins:4 tot./10'0''w x 15'0''h Cranes:-
Parking:Free Surface spaces are available; Ratio of .31/1,000 SF Amenities:Air Conditioning, Fenced Lot, Mezzanine, Property Manager on Site


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
12,409 SF
$8.00/SF/Yr
30 Days
Negotiable
Office
 
9597053
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
12,409 SF
$8.00/SF/Yr
30 Days
Negotiable
Office
The Cattlemen Business Park consists of 173,372 +/- square feet of finished office/warehouse and R&D space which is currently 83% occupied by a NYSE credit tenant. "As Is" this property is producing a 5.7% cap rate based on full asking price with additional income potential by leasing the 29,661 +/- square feet of finished, high quality office space which is currently vacant. Additionally there is tremendous upside potential by renovating the 67,500 +/- square feet of "shell space" along the north side of the building (NOT INCLUDED IN BUILDING SQUARE FOOTAGE), and/or the development of additional vacant industrial land included in the sale which could be up to 23 +/- acres. All sitting at an exit of I-75. L3 Communications, (NYSE:LLL) occupies 143,711 +/- SF or 83% of the existing building. L3 is the world's leading manufacturer of Solid State Cockpit Voice, Flight Data and Maritime Voyage Recorders, as well as Automatic Identification Systems and Digital Selective Calling radios for commercial, civil and military applications. Upside Potential: 1) Additional 29,661 +/-SF existing office available for lease, 2) 67,500 +/- sf "shell space" can be remodeled, 3) 23 +/- A
The property is set in an extremely desirable location immediately south of Fruitville Road just west of the I-75 interchange (Exit 210) in one of the fastest growing corridors in Sarasota, Florida. Fruitville Road is the main east/west corridor connecting I-75 with downtown Sarasota. Site has immediate access to I-75 with a quick commute to Tampa/St. Petersburg to the north, and Ft. Myers/Naples to the south. This site is within 45 minutes from three international airports.



American Property Group of Sarasota, Inc.
Barry Seidel
(941) 923-0535 x302



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