A portfolio of three office buildings in the master-planned community of Lakewood Ranch has come to market with an asking price of $11.6 million. The multi-tenant properties, located at 8430 Enterprise Circle, 9415-9423 Town Center Parkway and 9024 Town Center Parkway, total 62,154 square feet and are fully leased with a uniquely strong roster of large corporate, medical and local business tenants, giving the portfolio an attractive financial profile.
The seller has retained Sarasota-based Ian Black Real Estate as the exclusive listing agent for the property. Partners Ian Black and Steve Horn, and Sales Agent Melissa Harris, will represent the seller. Ian Black Real Estate has been managing these properties since 2014.
“It’s rare to find this kind of opportunity,” said Black. “Based on the strength of the tenant base, the attractiveness of Lakewood Ranch, and the quality and location of these properties, this is a very worthwhile investment. We expect the market will be very receptive.”
The portfolio includes two two-story buildings and a one-story building. On a total of 5 acres, the Class A and B properties are currently built with a total of 10 units.
8430 Enterprise Circle, LLC is selling 8430 Enterprise Circle; Ranch Property Holdings, LLC is selling 9415-9423 Town Center Parkway; and EM Squared, LLC is selling 9024 Town Center Parkway.
Each property is located within a 5-minute driving radius in Lakewood Ranch and minutes from the Interstate 75/University Parkway interchange in Sarasota.
“With the buildings in this portfolio all located in the fourth-fastest-growing master-planned community in the nation, this is a rare opportunity for an investor to acquire high-caliber assets in one of the country’s outstanding areas of growth,” said Horn.
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.
Noelle Fox, APR
True Blue Communications
Cell: (813) 857-2949