Roofing by Curry, a roofing replacement, repairs and maintenance company, has bought a 9,500-square-foot freestanding warehouse at 241 Interstate Court in Sarasota for $1 million. The property, on .94 acres, includes 2,500 square feet of office, conference room and showroom space.
Nick DeVito and Joanna Ginder-Ashley of Ian Black Real Estate represented the buyer, Tonya Holdings, Inc. Jeff Button at Richardson Kleiber Walter Kleiber Button represented the seller, AGW SRQ, Inc.
“This property allows Roofing by Curry to put everything into one location and gives them room to expand their overall operations,” said DeVito. “It’s also in a great location, very close to Interstate 75, which is a bonus.”
Roofing by Curry previously occupied three separate locations, including two flex units on Clark Center Avenue in Sarasota that totaled approximately 4,000 square feet. The company will move into its new space this summer, following minor modifications to make the building more efficient for its use.
Due to increased activity in the housing market and retail, as well as the region’s growth overall, the industrial vacancy rate in Sarasota and Manatee Counties is lower than it has been in years, according to DeVito. Xceligent’s current Industrial Report shows that the vacancy rate for 10,000-square-foot and larger warehouses is below 4 percent
“Due to the ongoing demand for warehouse space, supply is limited in our market for freestanding buildings of this size and location,” said DeVito. “We heard about the property at 241 Interstate Court and were able to put in an offer before it even went on the market.”
The property was previously occupied by All Glass & Windows, which recently expanded into a 28,000-square-foot property on Tower Lane in Sarasota.
About Ian Black Real Estate
Ian Black Real Estate (IBRE) is a boutique commercial real estate brokerage firm located in Sarasota, Fla. The firm is one of the largest commercial brokerage firms in Southwest Florida and boasts a deep knowledge of the commercial real estate market in Sarasota and Manatee counties and the surrounding area. For more information, visit ian-black.com.