101 Paramount Dr - Office FOR SALE


Sarasota, FL 34232- North Sarasota
$36,000,000 USD
941-356-5042
101 Paramount Dr, Sarasota, FL for Sale
$36,000,000 USD
Office - FOR SALE
1/12
null | 7.53% Cap Rate

101 Paramount Dr
Sarasota, FL 34232
North Sarasota


HIGHLIGHTS

  • Class A office environment with Energy Star certification offering quality finishes and modern building systems
  • Lakeside patio with seating and a landscaped campus setting that enhances tenant experience
  • Security card access, conference facilities, and an on-site fitness center providing key tenant amenities
  • Located minutes from the I-75/Fruitville Road interchange for strong regional connectivity
  • Exceptional parking capacity with 928 spaces supporting high user density at a 6.25/1,000 ratio
  • Walkable to restaurants, shopping, and daily-needs services in the Fruitville Road corridor

OVERVIEW

Sarasota Commerce Center II (SCC II) represents a premier opportunity to acquire a Class A, Energy Star-rated office building prominently situated in one of Florida’s most dynamic growth corridors. This 157,351-square-foot institutional-quality asset is set within a serene, park-like campus featuring a relaxing waterfront view and a market-leading parking ratio of 6.25 spaces per 1,000 square feet. The property is currently 94% leased, offering immediate stability with a minimal 6% vacancy rate. The rent roll is composed of a diverse roster of national and regional high-quality tenants. SCC II is ideally located at the I-75 and Fruitville Road interchange, providing highly desirable regional connectivity. The property serves as a central hub, situated just 15 minutes from both downtown Sarasota and Lakewood Ranch, two of the region's most vital business and professional centers. The surrounding area is an abundant "live-work-play" environment, with over 890,000 square feet of retail and dining within a half-mile radius. The building’s design features highly functional and efficient floor plates that cater to a wide spectrum of corporate users. With available suite sizes ranging from 1,340 to over 28,000 square feet, the property offers the flexibility to accommodate everything from smaller professional firms to large-scale regional headquarters and back-office support operations.

FOR SALE DETAILS

PRICE

$36,000,000 USD

PRICE/SF

$228 USD /SF

CAP RATE

7.53%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sarasota Commerce Center II

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

A

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

400

LAND DETAILS

LAND ACRES

11.13 AC

LAND SF

484,823 SF

ZONING

ILW

APN/PARCEL ID

0047-06-0002

ASK ABOUT THIS PROPERTY

Jagbir Grewal CCIM, SIORIan Black Real EstateMore Info
941-356-5042

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Jagbir Grewal CCIM, SIORIan Black Real EstateMore Info
941-356-5042

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