The Commercial Real Estate Alpha Site

I am using parameters such as;

$1 million to $5 million

Sarasota & Bradenton

Retail & Multifamily

Hit a few high points and low points that are subjective.

#1. Caribbean Manor Apartments, Sarasota

16-units

High Points – 2 Concrete Block Buildings – Most everything is remodeled or renewed (roofs, Mini-split A/C’s, Parking lot, Landscaping, fencing, exterior painting, etc)

Low Points – Unit mix consists of 16 One bedroom/One bathroom units.

Asking $2.77m

#2. Harmony @ Hyde Park, Sarasota – A mixed-use Oasis

12 total units – 6 multifamily & 6 commercial units (currently configured as 5 units)

High Points – Concrete Block Building – Most everything is remodeled or renewed (roofs, HVAC units, Balconies, Landscaping, plumbing, exterior painting, etc) — Creative financing sincerely considered.

Low Points – One vacant commercial unit today – Minimal aesthetic improvements may justify a small increase in rents.

Asking $2.175m

#3 – Southeast Duplexes – Bradenton –

High Points – 5 Concrete Buildings built in the mid 1980’s on 1.5 acre parcel. Large units approx 1,010 SF of which all are 3/2 units. All utilities are separately metered for both electric and water, with tenants responsible for their own usage, minimizing landlord expenses.Washer/dryer hookups and pitched shingle roofs.

Low Points – Age of roofs and improvements needed may be impactful. Demographic location might create a management intensive property.

Asking $2 million.

#4 – Rosemary Ranch & Village – Sarasota

This one is a unique asset and likely needs more conversation.

High Points – Without much improvement, the NOI should fall around $125k +/- as it currently is $115k and could reach north of $135k. Lots of incentives and tax break opportunities here.

Ownership is motivated and negotiable.

Low Points – 4 Buildings are locally registered with Historical designations. Wood frame.

Location is where the water meets the shore.

Email DPCRE, LLC ( TritonCRE@gmail.com ) to discuss.

Asking $1.9m but open to all offers.

#5 – Buccaneer Plaza – Sarasota – Retail Center

High Points – Concrete Block – 12 Tenants – Fully Occupied

Low Points – No mention of Income/Expenses or Cap Rate. Aggressive PSF of $356. Struggling to find the juice in the deal or acquisition.

Asking $3.7m

For information on some of these or one of these opportunities, you can email Dreznin Pappas Commercial Real Estate LLC at TritonCRE@gmail.com or dive into some research ahead of connecting.