Sarasota County Acquires Former CAN Community Health HQ For $12M
4440 Fruitville Road
$12,000,000
$517/SF
Building Size
23,192 SF
Asset Type
Office
Closing
Mar 6, 2024
About this deal
AI
The former CAN Community Health headquarters, a glass office building located at 4440 Fruitville Road in Sarasota, has been sold to Sarasota County for $12,000,000. The property encompasses 23,192 square feet of office space on 1.9 acres of land.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $12,000,000
- Address: 4440 Fruitville Road
- Market: Sarasota
- SF: 23,192
- ACRES: 1.9
Derek Robbins & Kevin Robbins from Harry E. Robbins Associates Inc. represented the buyer, Sarasota County, in the acquisition of the former CAN Community Health headquarters. The deal also hints at potential repurposing of the office building for the supervisor of elections office.
Players
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Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93