6460 Parkland Dr - Warehouse FOR SALE


Sarasota, FL 34243- Whitfield
$6,650,000 USD
310-261-8428
6460 Parkland Dr, Sarasota, FL for Sale
$6,650,000 USD
Warehouse - FOR SALE
1/5
null | 6% Cap Rate

6460 Parkland Dr
Sarasota, FL 34243
Whitfield


HIGHLIGHTS

  • 19 years of absolute NNN lease term with 2.5% annual escalations
  • Corporate guarantee from a private equity-backed global manufacturer
  • Acquisition basis at $278/SF versus replacement costs of $300–$350+/SF
  • Current rent levels in line with market averages, ensuring defensibility and upside
  • Submarket vacancy of just 2.2%, rent growth approaching 30% over three years
  • Irreplaceable facility with specialized infrastructure and mission-critical role in MDC’s production

OVERVIEW

Executive Overview DWG Capital Group is pleased to present an institutional-quality coastal industrial investment located at 6460 Parkland Drive in Sarasota, Florida’s prime US-301 industrial corridor. The ±23,895 SF facility is fully leased to MDC Precision, LLC, a global manufacturer of precision vacuum components, under an absolute NNN lease with 19 years of term remaining and 2.5% fixed annual escalations, corporately guaranteed by its private equity sponsor. The offering is priced at $6,650,000 ($278/SF), producing $399,238 in NOI for a 6.00% cap rate. This basis is materially below Sarasota replacement costs of $300–$350+/SF. With in-place rent of $16.72/SF NNN against submarket averages of $16–$20/SF, investors secure long-term passive cash flow on a credit-backed lease with clear reversionary potential. Property & Lease Profile The property was originally built in 1988 and underwent a comprehensive renovation in 2005, upgrading the facility to institutional standards. It features 25’ clear heights, a Class 1000 clean room, TIG/orbital welding infrastructure, vacuum brazing, 20kV testing, and 85% HVAC coverage throughout the manufacturing floor. The ±2.16-acre site provides 1,000 feet of visibility along U.S. Highway 301, efficient truck circulation, and quick access to I-75 and Sarasota-Bradenton International Airport, less than two miles away. The lease is structured as absolute NNN, eliminating landlord responsibilities and delivering bond-like income. With nearly two decades of term, contractual escalations, and corporate backing, the asset is ideally suited for 1031 buyers, private capital, and institutional investors seeking long-duration income and appreciation. Tenant & Credit Strength MDC Precision, LLC has been operating since 1975 and today is a global leader in precision vacuum technology, serving more than 6,000 customers worldwide, including multiple Fortune 500 clients, aerospace/defense contractors, and leading university and government research institutions. Backed by private equity, MDC is forecast to generate $90M+ in 2024 sales, building upon historical averages of $70–$80M and a cycle peak of $130M in 2022. Its Sarasota facility is the sole Eastern U.S. insulator-seal production hub, producing eight product groups manufactured nowhere else in the company’s platform. The tenant is ISO 9001:2015 certified, ITAR registered, and operates global facilities in the U.S. and U.K. This combination of mission-critical role, financial scale, and PE backing provides both defensive credit quality and growth-driven scalability. Market Rent & Comparable Positioning The investment is priced and leased on a highly competitive basis relative to Sarasota submarket fundamentals: In-Place Rent: $16.72/SF NNN Market Rents: $16.00–$20.00/SF NNN across Sarasota industrial; flex and specialty space trading above $18/SF Recent Lease Comps: Specialty Class B industrial clean/conditioned space achieving $17.00–$19.50/SF NNN Recent Sale Comps: Coastal Florida industrial trades closing at $265–$345/SF with cap rates 5.25%–6.00% At $278/SF, the subject property is priced at a discount to replacement cost, while current rent aligns with competitive market positioning, offering defensible economics and clear mark-to-market upside. Sarasota Submarket The property sits within Sarasota’s prime industrial corridor along US-301, one of Florida’s most supply-constrained coastal markets. Vacancy is currently 2.2% versus a national average of 6.16%, underscoring scarcity. Rents have increased by nearly 30% in the past three years, supported by population growth of 26% since 2010 to nearly 900,000 residents. The location offers direct access to I-75, U.S. 41, and Port Manatee, as well as proximity to Sarasota-Bradenton International Airport, which carried 4.3 million passengers in 2023 (a 215% increase since 2018). Sarasota’s industrial base is diversified — logistics, aerospace, biotech, and advanced manufacturing users — creating a high-barrier, high-growth environment with limited new supply. Only 66,000 SF is currently under construction across the entire metro. Investment Rationale The Sarasota MDC offering represents a rare combination of long-term credit stability and embedded value creation: 19 years of absolute NNN lease term with 2.5% annual escalations Corporate guarantee from a private equity-backed global manufacturer Acquisition basis at $278/SF versus replacement costs of $300–$350+/SF Current rent levels in line with market averages, ensuring defensibility and upside Submarket vacancy of just 2.2%, rent growth approaching 30% over three years Irreplaceable facility with specialized infrastructure and mission-critical role in MDC’s production This is a textbook institutional acquisition for 1031 exchange investors, private equity platforms, and net-lease buyers seeking stable yield and appreciation in one of Florida’s strongest coastal industrial markets. About DWG Capital Group DWG Capital Group is a national investment sales and advisory platform with more than $2 billion in closed transactions across 41 states and over 15,000 units executed. The firm specializes in industrial, commercial, multifamily, development, and capital markets advisory. The leadership team — Judd Dunning, Hugh Gehrke, and Mike Paytonjian — brings decades of capital markets and private equity experience, with backgrounds at Newmark Capital Markets and multiple CoStar Power Broker and LABJ CRE Gold Award recognitions.

FOR SALE DETAILS

PRICE

$6,650,000 USD

PRICE/SF

$280 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

UTILITIES

-

CLEAR CEILING HT

24 Ft

DOCKS

-

DRIVE INS

1

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.71

LAND SF

74,488

ZONING

HM, Samoset

APN/PARCEL ID

18498-2080-6

ASK ABOUT THIS PROPERTY

Judd DunningDWG CAPITAL GROUP ( Formerly NGKF/ARA)More Info
310-261-8428

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Judd DunningDWG CAPITAL GROUP ( Formerly NGKF/ARA)More Info
310-261-8428

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