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Beautiful, single-tenant 20,806 +/- square foot office building on 3.7 +/- acres in a park-like setting within Wildewood Professional Park. Wildewood is a premier 12-building office park that stays well above 95% occupancy. National Credit, publicly-traded Tenant (NASDAQ) VERISK has been located here for eight years. The current lease term goes until September 2025 with one five-year renewal option. At the renewal the rents are adjusted to market rate providing huge upside as current rent is 25% below market in this very tight office market with less than 5% vacancy! So while this is a great NNN investment currently, it is also value-add with the increasing rents either with the current tenant or new future tenant. Wildewood Office Park is very centrally located on the Cortez Road commercial corridor with easy access to downtown Bradenton, downtown Sarasota, I-75, Lakewood Ranch and the beaches of Anna Maria Island. This is a freestanding, NNN leased building sitting on it's own 3.7 +/- acre parcel with cross access and cross parking easements with the other buildings within Wildewood. The building has recently been painted, re-landscaped, and the parking lot has been replaced.

Listing IDA4551785
Price$3,325,000$660K
StatusPending
SqFt 20,806
Acres 3.710
CountyManatee
SubdivisionAcreage
Year Built1986
Property TypeCommercial Sale
Property Sub TypeOffice

Contact - Listing ID A4551785

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SaraBay Real Estate Inc.
Address: 7333 N Tamiami Trl
Sarasota, FL 34243
United States
Phone: (941) 355 7696

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Contact - Listing ID A4551785

Your Contact Information

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

SaraBay Real Estate Inc.
Address: 7333 N Tamiami Trl
Sarasota, FL 34243
United States
Phone: (941) 355 7696

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Listed by: Svn Commercial Advisory Group 941-387-1200.

Listing information ©My Florida Regional MLS DBA Stellar MLS 2023. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Data last updated on Thursday, September 21st, 2023 at 11:41:42 AM.
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LOCATION

7333 N. Tamiami Trail,
Sarasota, FL 34243
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