4333 S. TAMIAMI TRAIL SARASOTA, FL 34231
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1 4333 S. TAMIAMI TRAIL SARASOTA, FL 34231
2 Executive Summary PROPERTY OVERVIEW Opportunity to lease retail space in this very accessible center on S. Tamiami Trail in Sarasota. Sizes range from 960 SF to 2,700 SF +/-. Exciting major improvements for complete renovation of facade in planning stages. Property offers signage on building and multiple pylons. PROPERTY HIGHLIGHTS FREE RENT during construction period; tenant to pay operating expenses only. Prominent location with excellent visibility and access on S. Tamiami Trail (US 41) PROPERTY SUMMARY Available SF: Lease Rate: 960-2,700 SF $20.00 SF/yr (NNN) Available spaces include former spa/salon, wine tasting room and retail/production space. Flexible sizes - larger units may be subdivided for smaller users Multiple building and pylon signage opportunities Proposed facade renovations will position this center as prominent location on busy thoroughfare Estimated Operating Expenses: $4.75 PSF Building Size: 10,520 SF Market: Bradenton -Sarasota - Venice Sub Market: South Sarasota Cross Streets: Oak Terrace at US 41 1 South School Avenue Suite 600 Sarasota, FL ian-black.com 2
3 Proposed New Facade Improvements 1 South School Avenue Suite 600 Sarasota, FL ian-black.com 3
4 Available Spaces SPACE SPACE USE LEASE RATE LEASE TYPE SIZE (SF) TERM COMMENTS A Street Retail $20.00 SF/YR NNN 960-1,920 SF Negotiable Suite A & B are currently built out as spa & salon but could be divided to 960 SF suite. B Street Retail $20.00 SF/YR NNN 960-1,920 SF Negotiable Suite A & B are currently built out as spa & salon but could be divided to 960 SF suite. E Street Retail $20.00 SF/YR NNN 1,350-2,700 SF Negotiable Built out as retail store with signage and entrance on Tamiami; could be divided for smaller user F Street Retail $20.00 SF/YR NNN 1,300 SF Negotiable Currently built out as retail store with entrance & signage on Tamiami & Oak Terrace 1 South School Avenue Suite 600 Sarasota, FL ian-black.com 4
5 Building A - Suite E 1 South School Avenue Suite 600 Sarasota, FL ian-black.com 5
6 Building A - Suite F 1 South School Avenue Suite 600 Sarasota, FL ian-black.com 6
7 Building B - Suite A/B 1 South School Avenue Suite 600 Sarasota, FL ian-black.com 7
8 Location Maps 1 South School Avenue Suite 600 Sarasota, FL ian-black.com 8
9 Demographics Map 1 Mile 3 Miles 5 Miles Total Population 7,210 64, ,012 Population Density 2,295 2,272 1,859 Median Age Median Age (Male) Median Age (Female) Total Households 3,362 29,935 65,740 # of Persons Per HH Average HH Income $84,736 $75,781 $71,603 Average House Value $300,400 $340,708 $328,216 * Demographic data derived from 2010 US Census 1 South School Avenue Suite 600 Sarasota, FL ian-black.com 9
10 Contact 1 & Bio JAG GREWAL, CCIM Broker Associate/Partner 1 South School Avenue Sarasota, FL T x105 C jag@ian-black.com Professional Background A long, winding road brought Jag Grewal to Sarasota sixteen years ago. Born in West Malaysia, he finished elementary school and the family then moved to Singapore. At 14, they immigrated to Australia, where Jag completed high school at 16 and won a scholarship to the University of South Australia. After successfully completing a rigorous degree program in Electrical Engineering, Jag decided to join his father s property development company and learned the business. In the late 90 s, his entrepreneurial spirit brought him to America. After a short stint in Arizona in property development, Jag discovered Sarasota as he was flying to Africa on a mission assignment. He completed that assignment and moved to Sarasota in December Jag is married with four children and enjoys squash and golfing, when time permits. Prior to forming a partnership with Ian Black at Ian Black Real Estate, Jag had been with Coldwell Banker Commercial and was recognized as one of the top 5 producers worldwide, since the firm purchased Arvida Realty in Mr. Grewal has been involved in a multitude of transactions from investment grade and development to industrial properties, as well as representing Real Estate Investment Trusts, such as The Lightstone Group and Prime Retail. A well respected commercial real estate broker, Jag has completed sales and leases over $350 million in this region and has earned numerous distinctions throughout his career. Memberships & Affiliations National, Florida, Sarasota/Manatee Associations of Realtors Sarasota & Manatee Chambers of Commerce 2015 Board Member of the Lakewood Ranch Business Alliance Past President of the Commercial Investment Division an organization that serves all of the commercial real estate practitioners /affiliates in Sarasota County Prestigious Commercial Realtor of the Year, awarded by his peers in December 2007 Education Obtained CCIM designation in March 2015, awarded by the Certified Commercial Investment Member Institute. 1 South School Avenue Suite 600 Sarasota, FL ian-black.com 10
11 Contact 2 & Bio AMY LYON MACDOUGALL Broker Associate Professional Background Amy MacDougall was born and raised on Long Island in Huntington, New York. After graduation, Amy worked as a school psychologist and later spent five years on the east end of Long Island working as a broker / associate with the high-end residential real estate company Allan M. Schneider & Associates, later known as the Corcoran Group. Amy moved to Sarasota in 2007 and worked in the neurology department at USF through a grant with the Parkinson Research Foundation. Amy wanted to segue back into real estate and become part of the exciting Sarasota market and joined Ian Black Real Estate in October of In her free time Amy enjoys exploring Sarasota with her son, Trey. Amy was named IBRE Broker of the Year in 2015 and South School Avenue Sarasota, FL T x108 C F amy@ian-black.com Memberships & Affiliations National, Florida and Sarasota/Manatee Associations of Realtors Commercial Investment Division Sarasota/Manatee Chambers of Commerce Education Amy obtained a Bachelor s degree with a double major in Economics and Psychology from Ohio Wesleyan University and went on to obtain her Master s degree in Clinical Psychology. She is a CCIM candidate, completing coursework for the Certified Commercial Investment Division designation, given by the Certified Commercial Investment Member Institute. 1 South School Avenue Suite 600 Sarasota, FL ian-black.com 11
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