Todd Wagner Of New Pass Dock And Seawall Acquires Mixed-Use Property In Sarasota For $2.56M
4139 Washington Boulevard
$2,560,000
$276/SF
Building Size
9,250 SF
Asset Type
Mixed-use
Closing
May 28, 2025
AI
A mixed-use property located at 4139 Washington Boulevard in Sarasota has been sold for $2.56 million. The asset spans 0.83 acres and includes industrial and office buildings with a total square footage of 9,250. The price per square foot for this transaction amounts to $277.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,560,000
- Address: 4139 Washington Boulevard
- Market: Sarasota
- Acres: 0.83
- Square Footage: 9,250
- Price per Square Foot: $277
- Buyer: Todd Wagner - New Pass Dock and Seawall
- Seller: Todd Stuart - SignZoo
- Brokers: Nick DeVito II, Amy MacDougall & Brie Tulp - Ian Black Real Estate
This transaction involved Todd Wagner representing New Pass Dock and Seawall, who acquired the property to serve as a design center and production facility. The seller, Todd Stuart, previously owned the property through SignZoo, which moved to a new location after outgrowing the space. Ian Black Real Estate facilitated the transaction, representing both parties.
Players
Sarasota Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.20%
Cash-on-Cash
-1.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93