PROPERTY FOR SALE. 3,128 +/- SF professional building Corner Office Building in Sarasota County $599,000. SRDcommercial.com

Transcription

1 PROPERTY FOR SALE 3,128 +/- SF professional building Corner Office Building in Sarasota County $599,000 SRDcommercial.com

2 TABLE OF CONTENTS Agent Information 3-5 Executive Summary 6 Property Highlights 7 Regional Location Map 8 Location Map 9 Demographics Map 10 Demographics 11 Market Area 12 Trade Area 13 Neighborhood Aerial 14 Site Aerial 15 Photos Zoning 19 Confidentiality & Disclaimer 20 SRDcommercial.com page 2

3 AGENT INFORMATION Steve Toner, MBA, MPA, TRC Associate Broker Steve Toner, MBA, MPA, TRC is a senior level commercial real estate associate broker and marketing strategies consultant with a specialty in Florida development land, ranchland, and land for investment. He has extensive experience with land development, working with residential builders, developers, and retail corporate site selection managers on sites along the growing southwest coast counties of Florida. He works with owners of ranchlands and hunting and recreational land throughout West Central Florida, often good candidates for conservation easements and 1031 Exchange strategies. Steve consults with local and international (FDI) buyer and seller investors, who are often involved in trade. He presents the advantages of owning land in Tampa Bay for office, warehouse and manufacturing facilities, to take advantage of tax savings in a Free Trade Zone (FTZ), now available nearly everywhere (appropriately zoned) in West Central Florida. Prior to working with CBC Saunders Real Estate, Steve owned his own brokerage and marketing firm, served as vice president international of a national real estate franchise, served as director of business development for a national engineering firm, and was director of development and alumni at his university. Steve has contributed to his community and profession as marketing committee chair for the Florida Realtors Land Institute (RLI), committee member of Tampa Bay Builders Association, founding chair and president of the Canadian American Business Council (trade and investment group), and as mayor and councilman of his home town. Contact Information: BBurke@SRDcommercial.com SJToner@SREland.com Steve is a candidate for the CCIM and ALC designations. He earned a master of business administration (MBA) at Northern Kentucky University and a master of public affairs (MPA) at the University of Cincinnati. His bachelor of arts undergraduate work was completed at the University of Kentucky and Northern Kentucky University. He also holds the Certificate of International Trade. Steve s interests include travel, hunting, fishing, boating, and photography. He lives in Tampa with his wife, Pam. They have two grown children and three grandchildren who live in Lakeland and Tampa Bay. Disciplines: Development Land Ranchland Recreational Land Investment Land International Awards: Best of Show Award, Business World International, Montreal, Canada (trade and investment) Tampa Bay Community Service Award, Tampa, Florida (trade and investment) Significant Board Member Award, Canadian American Business Council, Inc. (trade and investment) Nationa Presidential Citation for Service & Leadership as Founding Chairman, PRSA University Service Award, Northern Kentucky University (land acquisition) Kentucky Colonel Award, as Mayor and Councilman, Crestview, Kentucky (land development) SRDcommercial.com page 3

4 AGENT INFORMATION David Hungerford Sales Associate David Hungerford is the Director of Research and a sales associate with Coldwell Banker Commercial Saunders Ralston Dantzler Realty, LLC the premier commercial services provider in Central Florida. He specializes in retail and development land. Through the use of dynamic strategic analysis, he is an expert in site selection and site-in-search of user analysis. David is the mapping and ARCgis specialist within the firm. David previously worked in his family-owned business, Hungerford & Associates, as a financial advisor. Prior to becoming a financial advisor, he served as the company s marketing director. David graduated Cum Laude from Florida State University in Tallahassee, FL. He obtained a Bachelor of Science degree in real estate, a Bachelor of Science degree in finance, and a minor in Italian studies/language. While there, he was an active member of the Florida State University Real Estate Society. He is a member of the Lakeland Association of Realtors, The International Council of Shopping Centers (ICSC), and the Polk County Farm Bureau, where he is involved with the Young Farmers & Ranchers program. Contact Information: David is married and lives with his wife Aimee in Bartow, FL. They are proud members of Access Church. DHungerford@SRDcommercial.com Disciplines: Development Properties Retail Properties Site Selection Real Estate Analytics SRDcommercial.com page 4

5 AGENT INFORMATION Gary Ralston Managing Partner, Broker Gary M. Ralston, CCIM, SIOR, SRS, CPM, CRE, CLS, CDP, CRX, FRICS is a managing partner of Coldwell Banker Commercial Saunders Ralston Dantzler Realty, LLC the premier commercial services provider in Central Florida (Polk County). He is a recognized subject matter expert on retail and commercial properties. His experience includes the complete spectrum of commercial real estate services. In addition, he is a successful real estate developer, investor, and group investment sponsor. From the early 1990s through 2004 Gary was the president and a member of the board of directors of Commercial Net Lease Realty, Inc. (NYSE:NNN) the industry leader in single-tenant corporate net-leased real estate. During that time he guided the company s growth from less than $15 million in real estate assets to over $1.5 billion. Gary holds the Certified Commercial Investment Member (CCIM), Society of Industrial and Office Realtors (SIOR), Specialist in Real Estate Securities (SRS), Certified Property Manager (CPM), Counselor of Real Estate (CRE), Graduate, Realtor Institute (GRI), Certified Leasing Specialist (CLS), Certified Development, Design and Construction Professional (CDP), Certified Retail Property Executive (CRX) and Fellow of the Royal Institute of Chartered Surveyors (FRICS) professional designations. He is also a Florida licensed real estate broker and certified building contractor. Gary is a senior instructor for the CCIM Institute and a member of the board of directors of the CCIM Institute and the Education Committee. He is a Past President of the Florida CCIM Chapter. He is a full member of the Urban Land Institute (ULI) and a former Vice Chairman of the Small Scale Development Council. He is a member of the International Council of Shopping Centers (ICSC) and an instructor for the ICSC University of Shopping Centers at Wharton, the ICSC Executive Learning series and RECon Academy. Contact Information: gary@srdcommercial.com Gary holds a Masters in Real Estate and Construction Management from the Franklin L. Burns School of Real Estate and Construction Management at the University of Denver. In 2007 he was named an adjunct faculty member at the University of Denver, in 2011 he was named an adjunct faculty member at Florida Southern College and in 2013 Gary was named an adjunct faculty member at the University of Florida. He is the chair of the I-4 Commercial Corridor at Florida Polytechnic University conference and co-chair of the Florida Southern College real estate conference. Gary was inducted as a Hoyt Fellow ( in He is a member of the Regional Economic Information Network of the Jacksonville Branch of the Federal Reserve Bank of Atlanta. Gary is recognized as the second most accredited commercial real estate professional in the Nation. Awards: CBC Circle of Distinction - SILVER 2016 Lifetime Service/Presidential Appreciation, Lakeland Association of Realtors 2017 speaker at ICSC RECon [International Council of Shopping Centers Retail Convention], Las Vegas largest commercial real estate convention in the world 2017 speaker at American Real Estate Society annual convention SRDcommercial.com page 5

6 EXECUTIVE SUMMARY Site Address: County: 1990 S Tamiami Trl Venice, FL Sarasota PIN (Property Identification Number): Land Size: Building Size: Property Use: /- Acres 3,128 +/- SF Professional Building Year Built: 1975 Utilities: Zoning: Well and septic OPI: Office, Proessional Institiutional (Sarasota County) Taxes: $3,717 (2016) Traffic Count: 48,500 on S Tamiami Trl Price: $599,000 SRDcommercial.com page 6

7 PROPERTY HIGHLIGHTS Location Subject property located on US Hwy 41/ Tamiami Trail...48,500 on S Tamiami Trail Dense market area...almost 25,000 people in 2 miles and 63,000 within 10 minutes Median Ages of 57 and 64 within 2 miles and 10 minutes respectively, brings high demand for medical and professional office uses Site/Building High visiblity on the NW corner of S Tamiami Trail and Baffin Drive Right In/Right Out access from US 41...Northbound access allows a left in to Baffin Drive 16 parking spaces Highest and best use for this property would be a professional office such as medical, eyeglass, animal doctor and more, or retail use. Political/Legal OPI zoning allows both small and large-scale office, institutional, and cultural uses. Commercial Corridor future land use SRDcommercial.com page 7

8 REGIONAL LOCATION MAP Sarasota Venice Subject Port Charlotte Fort Myers Subject property located within the North Port-Bradenton-Sarasota MSA SRDcommercial.com page 8

9 LOCATION MAP Laurel Nokomis Venice Gardens Subject Plantation South Venice Located on NW corner of S Tamiami Trl (US 41) and Baffin Dr. SRDcommercial.com page 9

10 DEMOGRAPHICS MAP 1, 2, 3 mile radius 5 & 10 minute drive SRDcommercial.com page 10

11 DEMOGRAPHICS Benchmark Demographics 1 mile 2 miles 3 miles 5 minutes 10 minutes Sarasota FL US Population 9,896 24,871 44,140 21,949 63, ,899 20,619, ,514,334 Households Almost 25,000 4,431 11,662 21,911 10,191 32, ,205 8,064, ,158,887 Families 2,764 7,198 13,388 6,285 19, ,448 5,223,357 81,106,685 within 2 miles Average Household Size Owner Occupied Housing Units and over 60,000 3,254 9,002 16,899 7,671 24, ,732 5,071,790 77,207,043 Renter Occupied Housing Units within 10 minutes 1,177 2,660 5,013 2,520 7,216 55,473 2,992,867 45,951,844 Median Age Trends: Annual Rate Population Ages 57 and 65 represent a 1.10% 1.07% 1.20% 1.21% 1.25% 1.42% 1.36% 0.83% Households 1.07% 1.05% 1.19% 1.21% 1.24% 1.38% 1.30% 0.79% strong demand Families 0.95% 0.94% 1.07% 1.10% 1.12% 1.30% 1.25% 0.71% Owner HHs for medical 0.95% 0.95% 1.08% 1.08% 1.16% 1.30% 1.19% 0.72% Median Household Income 1.75% 2.45% 2.40% 2.52% 2.54% 2.33% 2.13% 2.12% Households by Income <$15, % 7.40% 8.10% 7.60% 9.00% 10.00% 12.00% 11.50% $15,000 - $24, % 11.40% 12.00% 11.80% 11.90% 11.00% 11.70% 10.00% $25,000 - $34, % 15.40% 13.30% 15.70% 13.10% 11.30% 11.10% 9.70% $35,000 - $49, % 17.20% 16.70% 17.80% 16.30% 15.10% 14.60% 13.10% $50,000 - $74, % 21.30% 20.50% 21.60% 19.90% 19.20% 18.70% 17.80% $75,000 - $99, % 12.50% 12.70% 11.60% 12.10% 11.90% 11.70% 12.40% $100,000 - $149, % 10.00% 11.00% 9.70% 10.90% 11.60% 11.50% 13.90% $150,000 - $199, % 2.90% 3.00% 2.60% 3.40% 4.40% 4.30% 5.70% $200, % 1.80% 2.70% 1.60% 3.40% 5.40% 4.60% 6.10% Median Household Income $49,099 $48,251 $49,828 $46,779 $49,698 $52,272 $50,606 $56,124 Average Household Income $61,032 $63,259 $66,764 $61,357 $69,089 $77,067 $72,632 $80,675 Per Capita Income $27,394 $29,742 $33,080 $28,411 $35,343 $35,959 $28,921 $30,820 Population by Age % 3.20% 2.50% 3.50% 2.10% 3.50% 5.30% 6.10% % 3.60% 2.70% 3.90% 2.30% 3.80% 5.50% 6.30% % 3.80% 3.00% 4.10% 2.60% 4.10% 5.60% 6.30% % 3.80% 3.00% 4.00% 2.70% 4.20% 5.70% 6.40% % 3.80% 3.10% 4.10% 2.70% 4.30% 6.40% 7.00% % 8.50% 6.70% 9.20% 5.70% 8.60% 13.10% 13.80% % 8.40% 6.70% 9.00% 5.90% 8.70% 11.80% 12.50% % 12.10% 10.10% 12.70% 9.40% 11.60% 13.00% 13.00% % 16.60% 16.80% 16.70% 17.20% 15.70% 13.50% 12.90% % 18.40% 22.40% 16.90% 23.80% 17.80% 11.30% 9.20% % 11.80% 15.20% 10.40% 16.80% 11.80% 6.20% 4.40% % 6.10% 7.80% 5.50% 8.60% 5.70% 2.70% 2.00% SRDcommercial.com page 11

12 MARKET AREA 19,800 E Venice Ave. 39,000 29,000 16,400 Center Rd. 6,800 Venice Municipal Airport 5 miles 48,500 Subject Galleria Plaza 28, miles SRDcommercial.com page 12

13 TRADE AREA Center Road 16,400 Venice Municipal Airport 48,500 3 miles Subject Ark Plaza Galleria Plaza 33,500 28,500 20, miles SRDcommercial.com page 13

14 NEIGHBORHOOD AERIAL Wellness Center 48,500 Laser Therapy S. Tamiami Trl (US 41) Physical Therapy Chiropactor Community Eye Center Subject Baffin Drive Ark Animal Hospital SRDcommercial.com page 14

15 SITE AERIAL 48,500 Left In Right In/Out Subject S. Tamiami Trl (US 41) SRDcommercial.com page 15

16 PHOTOS SRDcommercial.com page 16

17 PHOTOS Galleria Plaza located /- ft. south of subject SRDcommercial.com page 17

18 PHOTOS (INTERIOR) Waiting Room Break Room Nurses Station & Filing Area Patient Room SRDcommercial.com page 18

19 ZONING Subject Office, Proessional and Institutional (OPI) The OPI District permits both small and large-scale office, institutional, cultural, and allied uses. The district is not retail commercial in character. Large-scale office, cultural and institutional uses are encouraged to locate in these districts. This district allows residential use, including upper story residential dwelling units, in order to promote live-work and mixed use opportunities. SRDcommercial.com page 19

20 CONFIDENTIALITY & DISCLAIMER About Coldwell Banker Commercial Saunders Ralston Dantzler Realty Coldwell Banker Commercial Saunders Ralston Dantzler Realty (CBCSRD) is located in Lakeland, Florida and is Florida s I-4 corridor s premier commercial real estate firm. We offer unique positioning of properties utilizing our intimate knowledge of local markets, a recognized national brand, and a global reach through our Coldwell Banker Commercial offices worldwide who have achieved a $5 billion total amount in investment sales and leasing transactions Founded by three highly-recognized CCIM-designated Florida brokers, the company brings together experts on all aspects of real estate. We provide services to land and commercial clients through both CBCSRD and our land brokerage, Coldwell Banker Commercial Saunders Real Estate. For more information, please visit SRDcommercial.com 2017 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates Coldwell Banker Commercial Saunders Ralston Dantzler Realty, LLC, All rights Reserved, makes every attempt to provide accurate information on this property, however, does not guarantee the accuracy. Buyer should rely entirely on their own research, inspection of property, and records. SRDcommercial.com page 20