Sarasota County Acquires Property At 6010 Cattleridge BLVD Sarasota For $16M With Brokers Harris And Gonzalez
6010 Cattleridge BLVD, Sarasota, FL...
$16,000,000
$227/SF
Building Size
70,304 SF
Asset Type
Office
Closing
Nov 20, 2023
AI
The property involved in this transaction is a 70,304-square-foot office building located at 6010 Cattleridge Blvd, Sarasota, FL. The sale price for the asset is $16,000,000.00. This three-story office building is situated in the Sarasota market.
Summary of transaction details:
- Property Type: Office Building
- Transaction Amount: $16,000,000.00
- Address: 6010 Cattleridge Blvd, Sarasota, FL
- Square Footage: 70,304
- Seller: Ibis Group
- Buyer: Sarasota County
- Seller's Representatives: Melissa Harris - Ian Black Real Estate, Cristian Gonzalez Black - Berkshire Hathaway HomeServices
The deal featured the representation of Ibis Group by Ian Black, Steve Horn, Nick DeVito, and Melissa Harris from Ian Black Real Estate, facilitating the transition of the office building to Sarasota County for use as the new administrative headquarters for the Sheriff's Office.
Players
Sarasota Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93