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2507 Lakewood Ranch Blvd Br...

Updated Oct 29, 2024

Crowder Plaza In Sarasota, Florida Sold For $8.2M With Buyer's Rep Berkshire Hathaway HomeServices
SOLDRetail

Crowder Plaza In Sarasota, Florida Sold For $8.2M With Buyer's Rep Berkshire Hathaway HomeServices

2507 Lakewood Ranch Blvd Bradenton, FL 34211, USA

$8,200,000

$328/SF

Building Size

25,000 SF

Asset Type

Retail

Closing

Jul 12, 2023

About this deal

AI

Ian Black Real Estate has brokered the $8.2 million sale of Crowder Plaza, a fully leased 25,000-square-foot retail center in Sarasota. The center includes tenants like Big Top Brewery and Domino's Pizza. The property, located at 2507 Lakewood Ranch Boulevard in Sarasota, offers a prime retail space in a bustling market. The sale price of $8.2 million reflects a price per square foot of $328, highlighting the value of this retail asset in the Sarasota market.

Summary of transaction details

  • Property Type: Retail
  • Sale Price: $8,200,000
  • Square Footage: 25,000
  • Price per Square Foot: $328
  • Address: 2507 Lakewood Ranch Boulevard, Sarasota
  • Market: Sarasota

The buyer, Crowder Village LLC, was represented by Marny Lewis from Berkshire Hathaway HomeServices, Florida Realty. On the other hand, George Brusco from Ian Black Real Estate represented the seller, Crowder Enterprises LLC. Both representatives played a crucial role in facilitating the successful transaction of Crowder Plaza. With their expertise and knowledge of the Sarasota market, they ensured a smooth deal for their respective clients.

Players

Marny Lewis

Berkshire Hathaway HomeServices

Broker

$8.2M

vol

1 deal

Broker

Miami Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $328 per square foot on a published $8.2M for 25,000 square feet (2023).

Visit Berkshire Hathaway HomeServices to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.93%

Cash-on-Cash

-0.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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