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Office

Medical Office | Leasehold Interest | Sarasota, FL

5310 Clark Rd, Sarasota, FL 34233

Listing Price: $2,300,000

Cap Rate
3.13%
Gross SF
19,988
Rentable SF
19,988
Price/Gross SF
$115.07
Lot Size
1.19 acres
Year Built
2004

Investment Overview

Marcus & Millichap is pleased to bring to market an 95% occupied Office/Medical Center.

Investment Highlights

  • Leasehold Interest in a 100% Occupied Office/Medical Center
  • Marsh McLennan is Expected to Vacate in June 2024 | 8,360-SF Available for Lease at $20/SF NNN
  • Strong Location Adjacent to Walmart Neighborhood Market Near a Signalized Intersection | Dedicated Turn Lanes and Large Parking Lot
  • Situated in a Dense Medical Office, Retail and Residential Corridor: Just off of Clark Road with 43,000 VPD and Interstate-75 with 114,000 VPD
  • Located Near Multiple National Tenants Such as Walmart, CVS, Chick-Fil-A, Publix, Walgreens, WaWa, Applebee's, Wendy's, Dunkin' and More
  • 5 Miles from Siesta Key and Crescent Beach, Seeing Over 1 Million Annual Visitors and 10 Miles from Downtown Sarasota
  • Strong Demographics: 141,900+ Residents Within 5-Miles and Projected to Increase by 2027, a 20% Population Increase Since 2000 | Daytime Population of 151,500
  • Average Household Income Exceeds $109,500 Within 1-Mile

Exclusively Listed By

Financing By

Office

Medical Office | Leasehold Interest | Sarasota, FL

Listing Price: $2,300,000

Cap Rate
3.13%
Gross SF
19,988
Rentable SF
19,988
Price/Gross SF
$115.07
Lot Size
1.19 acres
Year Built
2004

Investment Highlights

  • Leasehold Interest in a 100% Occupied Office/Medical Center
  • Marsh McLennan is Expected to Vacate in June 2024 | 8,360-SF Available for Lease at $20/SF NNN
  • Strong Location Adjacent to Walmart Neighborhood Market Near a Signalized Intersection | Dedicated Turn Lanes and Large Parking Lot
  • Situated in a Dense Medical Office, Retail and Residential Corridor: Just off of Clark Road with 43,000 VPD and Interstate-75 with 114,000 VPD
  • Located Near Multiple National Tenants Such as Walmart, CVS, Chick-Fil-A, Publix, Walgreens, WaWa, Applebee's, Wendy's, Dunkin' and More
  • 5 Miles from Siesta Key and Crescent Beach, Seeing Over 1 Million Annual Visitors and 10 Miles from Downtown Sarasota
  • Strong Demographics: 141,900+ Residents Within 5-Miles and Projected to Increase by 2027, a 20% Population Increase Since 2000 | Daytime Population of 151,500
  • Average Household Income Exceeds $109,500 Within 1-Mile

Investment Overview

Marcus & Millichap is pleased to bring to market an 95% occupied Office/Medical Center.

Exclusively Listed By

Financing By

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