3593 - 3599 Webber St, Sarasota, FL 34239

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Steve R.

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Building Details:

• Year Built: 1977

3593 - 3599 Webber St is aretail property for lease in Sarasota, FL.

Price Reduced $50,000 on this Neighborhood Strip Mall End Cap consisting of four retail spaces. Excellent visibility w/ almost 250' of street frontage on a 4 lane divided highway. Ingress and Egress by traffic signal. Approximately 35,000 daily car count satisfies most franchise requirements. Alley access along the back side of the property allows for deliveries and additional parking. Surrounded by mature residential neighborhoods of South Gate and Forest Lakes there are plenty of rooftops in the immediate vicinity including new residential construction. 3593 is leased to Florida Tax Services and is 925 sq ft MOL. Base rent is $12 psf plus $2.06 psf pass thru for a total of $1,159.66 including sales tax. 3595 is leased to Total Wellness Salon and is 1,567 sq ft MOL. Base rent is $7.59 psf plus $2.06 psf pass thru for a total of $1,348.34 including sales tax. 3597 is currently vacant and is 2532 sq ft MOL. Performa Lease at a base rate of $10.00 per sq ft with an adjustable pass thru of $2.06 per sq ft. The expected monthly rent including sales tax is $2,722.79. OPTION #2 (split 3597 into two units) Performa Lease at a base of $12.00 per sq ft with an adjustable pass thru of $2.06 per sq ft. The proposed leasable space of the unit would be approximately 1,532 sq ft. The monthly rent including sales tax would be $1,920.64. An additional unit could be leased for storage at a Performa rate of $6.00 per sq ft with an adjustable pass thru of $2.06 per sq ft. The leasable space of the unit is approximately 1000 sq ft. The monthly rent including sales tax is $1,070.00. 3599 is leased to Marco's Pizza and is 767 sq ft MOL. Base rent is $14.00 psf plus $2.06 psf pass thru for a total of $1,098.36 including sales tax. Annual net rent for 2016 is projected at $75,949. 2015 Expenses were $15,671. NOI is $60,278 for a projected 8 cap. All leases are available for review. Utilities are separate and are billed to the tenants. There is a house electric meter for the pylon sign lighting paid for by the owner. The property is in good condition. Many updates were made in 2013 including; electrical, roof, plumbing and HVAC. There is also a small supply storage area for the owner.

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