Lakewood Ranch Corporate Park
Sarasota, FL
Office for Sale - $5,400,000 - 21,000 Sq. Ft. on 24 acres

Property Info
| CIMLS# | 431662 |
| Location Lakewood Ranch Corporate Park Sarasota FL 34240 | |
| Updated | March 29th, 2012 |
| Type | Office |
| Price | $5,400,000 |
| Building | 21,000 Sq. Ft. |
| Land | 24 acres |
Property Description
This is a four year old, single tenant, office building located in a modern corporate park in Sarasota, Florida, just off Interstate-75. The building was constructed by the tenant company. The building is a traditional office building, but has greatly enhanced structural components which make it highly energy efficient and able to withstand severe weather. There is a whole-building generator to enable continual operations even during a power outage. The data center occupies 1,000 SF. The remaining 20,000 SF is typical office with about half open space for cubicles, and half closed office space for professional offices, conference rooms, and bathrooms.
Financials
Strong NNN lease, guaranteed by $70M medical-technology company. The subject property is headquarters for the company's technology operations, and houses sensitive medical and financial data for 50,000 physicians. There is 7.5 years remaining on a ten year lease. There are two 5-year options. The outlook for renewal is excellent.
