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Listing IDA4558954
SqFt 17,711
Acres 1.760
SubdivisionBallentine Manor Bay Heights
Year Built1985
Property TypeCommercial Sale
Property Sub TypeOffice
This is a Value-Add Opportunity! The property is presently 100% occupied with a wait list. The Atriums is a modern designed, 55-unit office building with separate entrances for each office suite, and clerestory windows that provide an abundance of natural lighting. Its cluster grouping of offices creating a smaller, cozier, natural environment with plenty of parking. The Atriums office sizes range from 140 square feet to our 1,200 SF, two-story flagship, allowing businesses to grow without changing addresses. Recently, the property has been going through a transformation with major upgrades to the office, security systems, restroom facilities, the walkways, fresh exterior paint and roof coating, culminating in a state-of-the-art video conferencing and meeting room available for use by all Atrium tenants. Everything is included; all computer and video systems, maintenance garage and shed with all the tools, spare parts, ladders, etc. as well as website and intellectual property. The Atriums offers ease of meeting out-of-town clients and vendors. Ideally located on Route 41 / Tamiami Trail, right next to the Sarasota-Bradenton International Airport with a AADT of 38,500 cars passing by the property. There is one ingress/egress off Route 41 and two off Hernando Rd. The Viage Group Boat Dealership is to the North and the Deluxe Inn, Hilton Garden Inn/Home 2 Suites and mini storage is to the South and East. NOI of over $131,000 transitioning to a market rent proforma yielding approximately $218,000.
Listed by: Sarabay Real Estate Inc 941-355-7696.

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 Wednesday, March 29th, 2023 at 10:48:28 AM.

Contact - Listing ID A4558954

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SaraBay Real Estate Inc.

7333 N Tamiami Trl
Sarasota, FL 34243
Phone: (941) 355 7696
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