For Sale
$14,000,000

6121 Porter RdSarasota, FL 34240

Multi-tenant industrial complex, 64,404 SF

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fully leased, multi-tenant industrial complex totaling 64,404 square feet situated on 8.32 acres in Sarasota County, Florida. The property boasts a prime location in the I-75 corridor, conveniently accessible via Exit 210 at Fruitville Road. Comprising four buildings constructed between 1972 and 2019, the complex enjoys 100% occupancy with thirteen tenants occupying units ranging from 2,500 to 12,560 square feet. The property is zoned ILW (Industrial Light & Warehousing) and offers a mix of distribution, flex, and warehouse space. Features include ceiling heights ranging from 18 to 24 feet, and 3-phase power is available. The asking price is $14,000,000, representing a compelling cap rate of 4.86% and a price per square foot of $217.38. The property's strong tenancy and strategic location make it an attractive investment prospect. Further expansion potential exists, with approval for an additional 14,000 square feet of construction. The property's address is 6121 Porter Rd, Sarasota, FL 34240. Parcel numbers are 0237120004 and 0237120006. The property includes one loading dock and one dock-high door. Please note that direct contact with tenants is prohibited.

Highlights

  • Fully leased, 64,404 SF multi-tenant industrial complex on 8.32 acres in Sarasota County, FL.
  • Prime I-75 corridor location, accessible via Exit 210 at Fruitville Road.
  • Four buildings (1972-2019 construction), 100% occupancy with thirteen tenants.
  • ILW zoning, offering distribution, flex, and warehouse space; ceiling heights 18-24 ft; 3-phase power.
  • $14,000,000 asking price, 4.86% cap rate, $217.38/SF; potential for 14,000 SF expansion.
  • Address: 6121 Porter Rd, Sarasota, FL 34240; Parcel numbers: 0237120004 & 0237120006; One loading dock and one dock-high door.

Property Details for 6121 Porter Rd

Property type
Warehouses, Industrial properties
Square Feet
64,404 SF
Buildings
4
Stories
1
Lot Size (sq. ft)
362,419 SF

Location Insight

City
Sarasota
County
Sarasota
State
Florida
Latitude
27.32134206
Longitude
-82.44649597
6121 Porter Rd, Sarasota, Florida

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
6121 Porter Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message