For Sale
$1,350,000

5745 Rosin WaySarasota, FL 34233

Net-leased daycare, high ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Sarasota office condominium presents a compelling investment opportunity. The 4,488 square foot, single-tenant building is currently 100% occupied by a daycare center under a net lease agreement, offering a stable income stream. Built in 2004, this Class B property boasts 13 parking spaces and sits on a 1.96-acre lot within a well-maintained office park. The property features a single story building with permitted CG zoning. The current asking price is $1,350,000, representing a price per square foot of $300.80 and a 5.47% cap rate based on a Net Operating Income (NOI) of $73,821. The lease includes a 3% annual rent bump, ensuring future income growth. This is a prime opportunity for investors seeking a tax-deferred 1031 exchange, offering a strong return on investment with a stable, long-term tenant. The property's strategic location near Clark Road and I-75 provides excellent accessibility. This is one of two buildings available for sale in this office park, offering a unique chance to acquire a well-located, income-producing asset. The property is conveniently located in Sarasota, Florida, zip code 34233, at 5745 Rosin Way.

Highlights

  • Exceptional investment opportunity, perfect for 1031 exchange buyers.
  • High-demand location with strong rental potential.
  • Modern amenities and finishes attract high-quality tenants.
  • Proven track record of consistent cash flow.
  • Well-maintained property with low operating expenses.

Property Details for 5745 Rosin Way

Property type
Office properties, Land
Square Feet
4,488 SF
Class
B
Year Built
2004
Buildings
1
Stories
1
Lot Size (sq. ft)
85,378 SF
Units
1

Location Insight

City
Sarasota
County
Sarasota
State
Florida
Latitude
27.2701547
Longitude
-82.4662737
5745 Rosin Way, Sarasota, Florida

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5745 Rosin Way
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