8251 15Th St, Sarasota, FL 34243
2 Industrial Properties Offered at $4,165,400 in Sarasota, FL
For Sale
Active
Asking Price $4,165,400
- Property Type
-
Industrial
- Square Feet
- 83,984 SF
Listing Contacts
Justin Thibaut
Alexis North
Property Overview
THE OPPORTUNITY:
Bradenton Airport Mall is situated adjacent to the Sarasota Bradenton International Airport in Manatee County along the easterly right-of-way of 15th Street East. It is 6± minutes from highway 301, which runs northeast to the Florida-Georgia line,15± minutes from I-75 and an hour from I-4, which enables companies to access and service eight million consumers throughout the state of Florida. The property features two free standing buildings totaling 50,284 square feet of rentable building area and sits on 5.14± gross acres of land that is subject to a long-term net ground lease with the Sarasota Manatee Airport Authority until August 2041. The lease has a current annual rate of $116,628, which is adjusted every five years and scheduled for review at the end of 2026. *Additional information regarding the ground and tenant leases are available upon request.
8251 15th Street East (Building 1) is a fully occupied multi-tenant building constructed in 1975 with 33,700± square feet of building area. Building 1 underwent $400,000 in renovations in 2019, which included roof repairs, repainting, paving and gravel, roll up door repair and interior renovations.
8457 15th Street East (Building 2) is 16,584± SF of RBA constructed in 1997 and is currently occupied by Sunstate International Trucking, under a modified gross lease and has been in place for 24 years with Sunstate paying a portion of the real estate taxes. Sunstate Trucking also leases the adjacent parking lot, as depicted on page 5 of the Offering Memorandum.
**Showings by appointment only. Please do not disturb tenants or enter the property without a representative of LSI Companies present **
LOCATION HIGHLIGHTS:
• 1± mile from US-301
• 3.8± miles from US-41
• 6.5± miles from I-75
Bradenton Airport Mall is situated adjacent to the Sarasota Bradenton International Airport in Manatee County along the easterly right-of-way of 15th Street East. It is 6± minutes from highway 301, which runs northeast to the Florida-Georgia line,15± minutes from I-75 and an hour from I-4, which enables companies to access and service eight million consumers throughout the state of Florida. The property features two free standing buildings totaling 50,284 square feet of rentable building area and sits on 5.14± gross acres of land that is subject to a long-term net ground lease with the Sarasota Manatee Airport Authority until August 2041. The lease has a current annual rate of $116,628, which is adjusted every five years and scheduled for review at the end of 2026. *Additional information regarding the ground and tenant leases are available upon request.
8251 15th Street East (Building 1) is a fully occupied multi-tenant building constructed in 1975 with 33,700± square feet of building area. Building 1 underwent $400,000 in renovations in 2019, which included roof repairs, repainting, paving and gravel, roll up door repair and interior renovations.
8457 15th Street East (Building 2) is 16,584± SF of RBA constructed in 1997 and is currently occupied by Sunstate International Trucking, under a modified gross lease and has been in place for 24 years with Sunstate paying a portion of the real estate taxes. Sunstate Trucking also leases the adjacent parking lot, as depicted on page 5 of the Offering Memorandum.
**Showings by appointment only. Please do not disturb tenants or enter the property without a representative of LSI Companies present **
LOCATION HIGHLIGHTS:
• 1± mile from US-301
• 3.8± miles from US-41
• 6.5± miles from I-75
Highlights
- • Offering two freestanding buildings with a Projected 7% CAP rate
- • Building 1: 33,700± sq. ft. | Building 2: 16,584± sq. ft.
- • Adjacent to the Sarasota Bradenton International Airport
- • Zoned Planned Development / Mixed-Use
- • Property is subject to long term ground lease. Please inquire for details.
All available spaces
- Space
- Airport Mall
- Size
- 33,700 SF
- Space Subtype
- Industrial
- Space
- Size
- 50,284 SF
- Space Subtype
- Industrial
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