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400 S Tamiami Trail - Building 1, Venice, FL

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400 S Tamiami Trail - Building 1

Venice, FL 34285 - Sarasota Submarket

Property Type:Office Sub Type:Medical Status:Existing Year Built:1973
Stories:2 Typical Floor:8,645 SF Building Size:17,289 SF
Smallest Space:1,500 SF Largest Space:1,500 SF Total Space Avail:1,500 SF Rent/SF/Yr:
Parking:Free Surface spaces are available; Ratio of 4.24/1,000 SF Amenities:Bus Line, Signage

Space Available:
SF Avail
Lease Term
Space Use
1,500 SF
1-5 yrs
Space Notes Space Notes  

SF Avail
Lease Term
Space Use
1,500 SF
1-5 yrs
Attractive, well maintained building located two blocks North of the Venice Hospital. Additional parking available in lot on North side of Turin St.

Sale Notes:
Starting Bid
Bid Deposit

Auction Starts
Auction Ends

Property Tours are available by appointment on Thursday March 3rd from 12-3pm. Please contact Daniel Yi to schedule at 770-552-2497 or and Newmark Grubb Knight Frank present the opportunity to acquire a medical office building located at 400 South Tamiami Trail in Venice, FL.

The property consists of a ±19,838 SF (±17,289 GLA) two-story office property located in the dynamic Venice submarket of Sarasota/Tampa. Tenants include Silverstein Institute / Florida Ear & Sinus Center, Fitness Quest Physical Therapy, Gulf Coast Foot and Ankle, Allergy Associates, Visionary Insurance Group, and Divisions Unlimited. Additionally, the sale includes a ±10,150 SF parking lot located across the street from the building and used as excess parking. This parcel can be redeveloped in the future and presents a huge value add opportunity through development.

This property is located within Sarasota County and Venice is a principal city of the Bradenton-Sarasota-Venice, MSA. The city of Sarasota is an internationally recognized destination known for its arts & culture, exceptional healthcare facilities, premier educational institutions, diverse recreational prospects, and the vibrancy of its downtown. Sarasota's economy is driven by education, arts, tourism, and financial services. Sarasota has experienced positive office employment growth since 2010 and growth above 3.0% per annum since 2012 that is expected to continue through 2018. Some of Sarasota’s fastest-growing companies are in tech-driven sectors such as health care innovation, giving Sarasota the emerging nickname of the “Creative Coast”. Just south of Sarasota along Florida’s southwestern coast, Venice offers 14 miles of beaches from Casey Key to Manasota Key and plenty of recreational opportunities.

The property is located at the lighted intersection of Turin Street and South Tamiami Trail with direct frontage along Tamiami Trail.

This is an excellent opportunity to purchase a strategic asset with below market rents and at a substantial discount to replacement cost.

Property Highlights
• Stable investment with immediate upside
• Additional parking lot (10,150 SF) across the street included in sale
• Healthy existing in-place cash flow
• Below market rents with ability to grow rents over time
• Well maintained Property
• Irreplaceable corner location
• A premiere location with unmatched access and visibility

Auctioneer Licensing Information, LLC Adrian Strelzow RE Brkr Lic No. CQ1031187

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

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