4001 Swift Rd
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4001 Swift Rd
4,684 SF 100% Leased Office Building Sarasota, FL 34231 $1,450,000 ($310/SF)
INVESTMENT HIGHLIGHTS
- Heavy traffic
- Impeccably maintained - new roof, lighting, AC units
- Strong Tenant Occupancy - 9 units
EXECUTIVE SUMMARY
Beautifully updated and impeccably maintained 2-story office building with 4,684 sq' of AC space. This 9-unit Professional Office Building shows pride of ownership - NEW ROOF, NEWER AC UNITS, NEWER CARPET & INSIDE PAINT, ALONG WITH NEW LED LIGHTING. Long-term tenants with a strong income stream! Opportunity for increased income (3 vacant units). The 17-space parking lot was recently reconditioned and the building was freshly landscaped. Well-planned storage was created on the upper level that allows for a significant increase in storage capacity. Building elevator was upgraded to comply with new safety laws. Talk about visibility - thousands of cars travel Tuttle/Swift daily, and the building is a short drive to the downtown area of Sarasota! Great location and exceptional building equals a solid investment.
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,900
|
$21.33
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,900
|
$21.33
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $99,900 |
| Annual Per SF | $21.33 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,900 |
| Annual Per SF | $21.33 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
4,684 SF
Building Class
B
Year Built/Renovated
1987/2024
Price
$1,450,000
Price Per SF
$310
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,342 SF
Slab To Slab
12’
Building FAR
0.29
Lot Size
0.37 AC
Zoning
OPI - Medical & Professional Office or Retail
Parking
16 Spaces (2.44 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
- Storage Space
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PROPERTY TAXES
| Parcel Number | 0072-04-0077 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $888,443 |
PROPERTY TAXES
Parcel Number
0072-04-0077
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$888,443
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4001 Swift Rd
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