328 N Rhodes Ave
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328 N Rhodes Ave
3,051 SF Office Building Sarasota, FL 34237 £657,258 (£215/SF) 6.25% Net Initial Yield
Investment Highlights
- Net Leased Investment
- Nicely Finished, Professional Office
- Just East of Downtown Sarasota, Minutes to I-75
- New 3 Yr Lease with long term tenant
- Located within the Fruitville Rd corridor
Executive Summary
Net Leased Investment with New 3-yr Lease with Tenant that has been in place since 2014.
3,051 SF, Nicely finished, professional office with open reception area/receptionist window, multiple private offices, conference room, two break rooms, and multiple restrooms.
Free-standing office within the professionally managed Franklin Field Business Center. Well-maintained facility with plenty of available parking.
3,051 SF, Nicely finished, professional office with open reception area/receptionist window, multiple private offices, conference room, two break rooms, and multiple restrooms.
Free-standing office within the professionally managed Franklin Field Business Center. Well-maintained facility with plenty of available parking.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
3,051 SF
Building Class
B
Year Built
2007
Price
£657,258
Price Per SF
£215
Net Initial Yield
6.25%
NOI
£41,076
Tenancy
Single
Number of Floors
1
Typical Floor Size
3,051 SF
Building FAR
0.04
Lot Size
1.69 AC
Opportunity Zone
Yes
Zoning
OCD - City of Sarasota - The Office Community district (OCD) is a low to medium intensity office zone for property on collector and higher classified streets.
Parking
10 Spaces (3.28 Spaces per 1,000 SF Leased)
Amenities
- Reception
- Partitioned Offices
- Air Conditioning
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Bike Score ®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £409,847 | |
| Land Assessment | £0 | Total Assessment | £409,847 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£0
Improvements Assessment
£409,847
Total Assessment
£409,847
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328 N Rhodes Ave
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