- For sale
Colliers presents for sale to qualified investors, a single tenant, 10,744-square-foot (“SF”), freestanding medical office building (“MOB”) at 1090 S. Tamiami Trail, located in the heart of downtown Sarasota, Florida (the “Property”).
Built in 1978, the current ownership engaged in an extensive $400,000 renovation of the Property in 2015, which included updated electrical wiring, HVAC, plumbing, internet wiring and installation of foam roofing installation. With 53 parking spaces and two elevators, this Property caters perfectly to medical practices and traditional office tenants who wish to be centrally located in the Sarasota MSA.
Colliers is offering this NNN leased asset for sale as a sale leaseback with seven (7) years remaining on the 10-year lease.
1090 S. Tamiami Trail’s strategic positioning offers the following advantages:
- Strong downtown and U.S. Highway 41 submarket
- Close proximity to the Sarasota Memorial Hospital Health Care System
- Very high visibility
- Waterfront property in an established market
- High traffic corridor
- Excellent demographics
- Favorable barriers to entry
- Exceptional physician demand in many specialties