407-204-1548
1800 University Pky, Sarasota, FL for Sale
Warehouse - FOR SALE
1/26
null | Request Cap Rate

NEW


1800 University Pky
Sarasota, FL 34243
North Sarasota


HIGHLIGHTS

  • Single Tenant Net Leased Warehouse Building
  • Up to 30'-32' Clear Height
  • ILW Zoned
  • 105,752 SF; 7.5 Acres
  • 10 Exterior Doors; 1 Drive-In Door; 2 Levelers
  • Serviced by Fully Functional Rail Spur

OVERVIEW

Single Tenant NNN and Value Add Opportunity Single Tenant Net Leased Warehouse Building - 105,752 SF - Up to 30'-32' Clear Height - Zoning: ILW - 7.5 Acres - 10 Exterior Doors - 1 Drive-In Door - 2 Exterior Levelers - Parking: 4/1,000 SF - New Roof - ESFR Sprinklers - Currently Occupied by the Sarasota Herald Tribune which has been a tenant since 2012 with a lease extending through January 2032. - Tenant has Sublet 33,091 SF to AM Design with term through 11/30/2026 at a sublet rental rate of $6.95/SF - Fortune 500 Tenancy - 6.5 Years Remaining Term - $573,751 2025 NOI - Current Rent is Approximately 50% Below the Competitive Set - Serviced by Fully Functional Rail Spur

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

UTILITIES

-

CLEAR CEILING HT

30 Ft

DOCKS

10

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.5

LAND SF

326,700

ZONING

ILW

APN/PARCEL ID

0024-02-0002

ASK ABOUT THIS PROPERTY

Darryl HoffmanStream Realty Partners, LPMore Info
407-204-1548

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

Darryl HoffmanStream Realty Partners, LPMore Info
407-204-1548

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