The Sarasota County Market has exploded over the past 5 years and has been a shelter for large amounts of capital as the rental market expanded and continued its strong momentum into 2021.
Cap Rates are compressed around 5% to 6% and upside can be minimal, depending on your perspective of the market statistics.
Interest Rates remain low which helps and equity is rampant seeking quality assets in a strong market.
Below find some of the current assets available.
8-units in Sarasota, FL
- Strong Tenant Base
- Downtown Sarasota
- Walk to Restaurants and Nightlife
- Secure Location
- 1 Block to the bay front water
- Almost fully renovated with new HVAC & Roof
- Two story, concrete block construction with only two units left to renovate. All 1 bedroom 1 bath units.
- Asking $2,250,000
- $281,000+ per Unit
- Proforma Cap Rate of 5%
10-Units in Sarasota, FL
The offering is an exceedingly rare opportunity to acquire a 6.43-acre multifamily zoned parcel, with an existing completely renovated 10-unit apartment building, fully renovated clubhouse and brand new 25-yard lap pool with lush tropical landscaping throughout. The property is exceptionally well-located within a short drive of Downtown, Siesta Key & Interstate 75 and under the current zoning allows for a total of 58-units to be constructed on the parcel.
Cap Rate of Approx 5.7%
Asking $320k per door
Asking $3,200,000
Mixed-Use Property with Commercial & Residential in 4 Buildings
Sarasota, FL
Property is currently home to the Rosemary Court Wellness Center which houses holistic wellness-related businesses and residential units in 4 historic homes surrounding a courtyard with a large attached parking lot. Located in between Planned Parenthood and Salvation Army, close walking distance to bayfront and downtown in the Rosemary District.
Asking Price $1,300,000
Built in 1925
Lot Size is 0.78 Acres
For more information on some of these properties or to discuss your property or the market in general, please communicate with Sean at Dreznin Pappas * Commercial Real Estate LLC via tritoncre@gmail.com
The Commercial Real Estate Alpha Site 
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