4940 Lakewood Ranch BlvdSarasota, FL 34240

Property Details for 4940 Lakewood Ranch Blvd

Year built

2009

Property size (Sq ft)

9,114 SF

Property type

Office properties

Description

This exceptional two-story, Class B office building, totaling 9,114 square feet, is situated in the thriving Lakewood Ranch Corporate Park in Sarasota, Florida. Built in 2009, the property boasts 8,371 square feet of net rentable space, currently occupied by one tenant with a lease expiring December 31, 2024. A significant portion (approximately 7,000 square feet) will become available for occupancy or lease on September 1, 2024, presenting an ideal owner-user opportunity or the chance to lease at market rates. The asking price is $3,400,000, translating to $373.05 per square foot. The property features 60 parking spaces and sits on a 7,336 square foot lot, zoned PCD. Its strategic location offers easy access to Interstate 75, University Town Center, and Sarasota Bradenton International Airport, placing it within close proximity to major transportation arteries and amenities. The building benefits from its location near Lakewood Ranch's Main Street Center and Waterside, surrounded by established businesses, dining, shopping, and residential areas. The current tenant is credit-rated, and the existing lease includes a 3% annual rent bump. This presents a compelling investment opportunity in a rapidly growing area, with potential for strong future appreciation. The property is owned by an LLC and is offered with one lease option.

Location Insight

City

Sarasota

County

Sarasota

State

Florida

Latitude

27.3748

Longitude

-82.4314

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