National Foundation Group LLC Acquires Fully Leased Industrial Building In Sarasota For $2.56M

The property asset involved in the transaction is a fully leased industrial building located at 6720 33rd Street East in Sarasota, Florida. It encompasses an area of 14,400 square feet and sits on a 1.22-acre lot. The transaction was completed for a total price of $2,560,000, resulting in a price per square foot of $178 and a price per acre of $2,098,361.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $2,560,000
• Address: 6720 33rd Street East
• Market: Sarasota, FL
• Square Footage: 14,400
• Price Per Square Foot: $178
• Acreage: 1.22
• Price Per Acre: $2,098,361
• Buyer: National Foundation Group LLC
• Seller: Naples-based LLC
• Brokers: Mike Concilla & Nick Matson - LQ Commercial Real Estate Services

National Foundation Group LLC was the buyer in this transaction, acquiring the property from a seller represented by LQ Commercial Real Estate Services. The deal was facilitated through the expertise of brokers Mike Concilla and Nick Matson, who managed the transaction on behalf of the seller.