Christopher J Knisley Purchases Industrial Asset From Rich Krause In Sarasota For $3.6M
2021 Tallevast Road
$3,600,000
$16/SF
Building Size
218,671 SF
Asset Type
Industrial
Closing
May 13, 2025
AI
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.
Players
Sarasota Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93