Office Space / Florida / Sarasota / 34240 / 7020 Professional Parkway East

7020 Professional Parkway East

Q: What is the asking price for 7020 Professional Parkway East in Sarasota?

The asking price for 7020 Professional Parkway East is $5,850,000

Q: What is the building size of this Office property in Sarasota, FL?

The size of the building/unit at 7020 Professional Parkway East in Sarasota is 37,933 square feet.

Q: How much land does the Sarasota, FL property at 7020 Professional Parkway East include?

7020 Professional Parkway East in Sarasota includes 3.297 acres of land.

Q: What kind of Office is the propery at 7020 Professional Parkway East?

The property at 7020 Professional Parkway East Sarasota, FL 34240 is listed as a Professional Office property.

Q: What is the population within 1 mile of 7020 Professional Parkway East?

The population within 1 mile of 7020 Professional Parkway East Sarasota, FL 34240 is 1,224 people.

Q: Who do I contact for questions about 7020 Professional Parkway East?

You should contact the listing agent, Leon DeLieto Sr. , for any details regarding this commercial listing.

Sarasota, FL 34240

Listing ID: 280927

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Building Size: 37,933 SF

Lot Size: 3.297 AC

Land Size: 143,617 SF

Building $/SF: $154.22

Land $/SF: $40.73

Price

$5,850,000

Property Highlights

Strong tenancy and major tenants all have numerous years remaining on leases

Large 3.3 Acre lot with ample parking on site

Description

Price Reduced! 38,000 SF office building now listed at $5,850,000. Located along Professional Pkwy only minutes from the Magnolia Green Office Park and Casto's new Center Point Medical Center which is currently under construction. For more information as to the nearby amenities that Lakewood Ranch has to offer, please find the link to their "Life at LWR" website here: https://lakewoodranch.com/life-on-the-ranch/shopping-dining/
One major tenant just executed a 7 year option renewal and no current vacancy within the building. For value add potential, 2,371 SF space on first floor coming available 1st quarter 2022 and an additional 1,872 SF coming available 2nd quarter 2022 at then prevailing market rates. Expected 2021 NOI is $426,286. Great opportunity for a well located income producing property.
An executed NDA will be required for full financials and tenant roster, see attached.

Attachments & Files

7020-XQo-H31.pdf

Points of Interest & Demographic Radii

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POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

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Listing Demographics for 7020 Professional Parkway East Sarasota, FL 34240

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		1,224	23,972	83,505
Population Median Age		54	52	49
Population by Age	0-9 Yrs	77 (6%)	1627 (6%)	6706 (8%)
	10-19 Yrs	110 (8%)	2117 (8%)	7708 (9%)
	20-29 Yrs	68 (5%)	1696 (7%)	7503 (8%)
	30-39 Yrs	63 (5%)	1737 (7%)	7366 (8%)
	40-49 Yrs	105 (8%)	2290 (9%)	9002 (10%)
	50-59 Yrs	148 (12%)	2989 (12%)	11057 (13%)
	60-69 Yrs	247 (20%)	4269 (17%)	14207 (17%)
	70+ Yrs	407 (33%)	7247 (30%)	19956 (23%)

Median HH Income		$105,555	$81,128	$75,755
Total Household Income	< 24K	58 (10%)	1301 (12%)	4133 (11%)
	25-49K	57 (10%)	1742 (16%)	6799 (19%)
	50-74K	85 (16%)	1931 (18%)	6229 (17%)
	75-99K	56 (10%)	1418 (13%)	4940 (14%)
	100-199K	160 (30%)	2809 (26%)	8929 (25%)
	200K+	113 (21%)	1443 (13%)	3591 (10%)

Highest Education Level	No Diploma	12	561	2837
	Diploma or GED	148	3637	14998
	Some College	152	3176	12272
	Assoc. Degree	86	1738	5957
	Bachelors Degree	307	5700	16630
	Higher Degree	314	4797	12946

Total Housing Units		672	13,585	43,195
--Owner-Occupied		450	7,891	26,342
--Renter-Occupied		78	2,753	8,279
Owner-Occupied Values	< 100K	10	206	1032
	100-199K	11	1008	4210
	200-299K	34	1621	6740
	300-399K	82	1551	6224
	400-499K	100	1221	3429
	500K+	213	2284	4706

Total Working Age Population		1,069	21,006	71,999
In Work Force		429	9,699	38,043
Not In Work Force		639	11,308	33,955
Workforce Employed		409	9,270	36,561
Workforce Unemployed		20	423	1,463
Civlian Workforce		429	9,693	38,024
Military Workforce		0	5	19

Total Households		528	10,644	34,621
Family Households		405	7,018	22,639
Non-Family Households		123	3,626	11,982
Married Couple		362	6,146	19,245
Other Family		43	872	3,394
Married w/Child		63	1,248	4,731
Single Male w/Child		4	81	328
Single Female w/Child		21	400	1,166

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Florida	15,982,378	+18	18,801,310	+14	21,517,610	+13	24,340,457
Manatee County	264,002	+22	322,833	+22	395,246	+18	467,717
Sarasota County	325,957	+16	379,448	+14	431,147	+12	484,314

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Common Questions and Answers

What is the asking price for 7020 Professional Parkway East in Sarasota?

The asking price for 7020 Professional Parkway East is $5,850,000

What is the building size of this Office property in Sarasota, FL?

The size of the building/unit at 7020 Professional Parkway East in Sarasota is 37,933 square feet

How much land does the Sarasota, FL property at 7020 Professional Parkway East include?

7020 Professional Parkway East in Sarasota includes 3.297 acres of land

What kind of Office is the propery at 7020 Professional Parkway East?

The property at 7020 Professional Parkway East Sarasota, FL 34240 is listed as a Professional Office property

What is the population within 1 mile of 7020 Professional Parkway East in Sarasota?

The population within 1 mile of 7020 Professional Parkway East Sarasota, FL 34240 is 1,224 people.

Who do I contact for questions about 7020 Professional Parkway East?

You should contact the listing agent, Leon DeLieto Sr. , for any details regarding this commercial listing.

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Closest Commercial Airports

Airport	Distance (mi)
Sarasota Bradenton International Airport (SRQ)	8
Tampa International Airport (TPA)	42
Southwest Florida International Airport (RSW)	71