Christopher J Knisley Purchases Industrial Asset From Rich Krause In Sarasota For $3.6M
SOLD
$3,600,000
Florida
See Similar DealsIndustrial218,671 SF
Sold 05/13/2025
SOLD
Christopher J Knisley Purchases Industrial Asset From Rich Krause In Sarasota For $3.6M
2021 Tallevast Road
See Similar DealsIndustrial218,671 SF
Sold 05/13/2025
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$16
Total Square Footage:218,671 SF
Transaction Type:Sale
This industrial asset located at 2021 Tallevast Road in the Sarasota market was sold for a total of $3,600,000. The property encompasses a total area of 218,671 square feet, equating to a price per square foot of $16.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,600,000
- Address: 2021 Tallevast Road
- Buyer: Christopher J Knisley
- Seller: Rich Krause
- Broker: Nick Watson - Matthews Real Estate Investment Services
- Square Footage: 218,671
- Price Per Square Foot: $16
Nick Watson from Matthews Real Estate Investment Services represented the transaction and successfully secured a credit tenant for the deal during the escrow process.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$192,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04
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