5313-5343 Paylor LnSarasota, FL 34240

Property Details for 5313-5343 Paylor Ln

Year built

2005

Lot size

0.76 AC

Property size (Sq ft)

6,000 SF

Property type

Office properties

Property subtype

Other retail properties

Description

This exceptional mixed-use property, Crestwood Commons, located at 5313-5343 Paylor Ln, Sarasota, FL 34240, presents a compelling investment opportunity. Comprising two single-story buildings totaling 6,000 square feet on a 0.76-acre lot, this property boasts six individual units, each approximately 1,000 square feet, currently operating at 100% occupancy. Built in 2005, the property features modern interiors with high ceilings and excellent lighting. Units offer flexible configurations, ranging from 100 to 1,000 square feet, catering to diverse tenant needs. Current leases include a 3% annual rent increase, providing inflation protection. The property generates a strong net operating income (NOI) of $205,562, resulting in a 5.75% cap rate and a price per square foot of $595.83. Situated within the award-winning Waterside Place at Lakewood Ranch community, this property benefits from a vibrant lifestyle environment with ample amenities and high tenant demand. The property is in excellent condition following Hurricane Milton. This turnkey investment offers the flexibility to maintain current operations, utilize space personally, expand services, or sell units individually. The asking price is $3,575,000.

Location Insight

City

Sarasota

County

Sarasota

State

Florida

Latitude

27.3774

Longitude

-82.4217

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