3230 - 3240 Southgate Circle, Sarasota, FL 34239

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Steve R.

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Building Details:

• Year Built: 1961

3230 - 3240 Southgate Circle is aretail property for lease in Sarasota, FL.

Mix of Retail and Office Space. New roofs in 2015 & 2013. 14 rental spaces plus a conference room. 34 parking spaces. Current annual revenue is $102,480. Expenses are $22,464. NOI is $80,016. Sale includes an ongoing business (office incubator), CCTV system, Website, furniture and more. Surprisingly strong demand for this type of office space. Typical tenant is a start-up, down-sizer or right-sizer. When it's time to move the office out of the spare bedroom at home, Southgate Office Space is a logical next step. Easy to lease with minimal turn-over. Office revenue could easily be increased. Existing businesses include Hair Salon, Attorney, Pilates Instructor, Graphic Designer, Florist, Real Estate Sales, Secretarial Services, CPA, Granite Sales, Internet Marketing Companies and others. Tenant rental agreements and leases are available with signed CA. Adjacent property recently sold @ $222 / sq ft with no updates. Priced below comparable. Onsite management could stay to make this a hands off investment and/or assist with transition if needed.

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