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4139 Washington Boulevard

Todd Wagner Of New Pass Dock And Seawall Acquires Mixed-Use Property In Sarasota For $2.56M
SOLDMixed-use

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

Nick DeVito

Ian Black Real Estate

Broker

$30M

vol

2 deals

Broker

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