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.
Medical Office | Leasehold Interest | Sarasota, FL
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
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
