Northwood Executive Suites

5104 N Lockwood Ridge Rd, Sarasota, FL 34234

  • For Sale $3,600,000
  • Property Type Office - Government Office
  • Property Size 18,330 SF
  • Lot Size 1.5 Acre
  • Additional Rent Contact for pricing
  • Building Class B
  • Year Built 2008
  • Year Renovated 2009
  • Date Updated Dec 5, 2024
Northwood Executive Suites is an attractive building close to University Parkway.Fully Leased. Room for income growth when some leases reach maturity. Building in excellent condition. Adjusted CAP Rate: 6.15% - with an asking value of $3,054,545.00 for existing building - Plus $545,454.00 for building site (Not included in 6.15% Cap Rate). See Following: Considering a min value of $545,454.00 this equates to $33.49/sf under the original designed building or a $8.37 /sf in land value at a 25% building coverage ratio. Site work including: Site Lateral Plumbing, Retention, Hard & Pervious Parking intended for second building are already in place Building is 16,278 RSF. (6) Office Suites on 1st Fl w/ direct entrances. 2nd Floor has (2) Tenants, 3rd Floor has (2) Tenants. 3 of the Tenants have combined multiple suites. Most Tenants have been in place since 2019. Newest 3,300 sf Tenant agreed to a 5 year term in 2024 Above conditions and referenced property entitlements need to be verified with county by purchaser in a due diligence period.Northwood Executive Suites is an attractive building close to University Parkway and UTC businesses, shopping and restaurants. The 992 SF space is on the ground floor with separate entrance and plenty of parking. Take advantage of this rare opportunity in Sarasota!
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Highlights

  • 24hr Controlled Access
  • Fenced Lot
  • Signage
  • AC

Contacts

broker
Michael Hollander

Hembree & Associates

Location

Getting Around

  • Walk Score ®

    15/100 Car-Dependent

  • Bike Score ®

    48/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Sarasota, FL
  • Neighborhood Hamlets Grove
  • Zip Code 34234
  • Market Southwest Florida Coast

Points of Interest

  • 7-Eleven

    0.20 miles

  • Shell

    0.77 miles

  • Marathon

    0.80 miles

  • Speedway

    0.84 miles

  • ChargePoint

    1.52 miles

  • Chevron

    1.81 miles

  • BP

    1.81 miles

  • Wawa

    2.52 miles

  • Tesla Supercharger

    2.56 miles

  • Publix Supermarket at Lockwood Commons

    4.61 miles

  • Cell Phone Lot

    2.63 miles

  • Overflow Lot A

    2.74 miles

  • Shade Parking

    2.84 miles

  • Long Term Parking

    2.98 miles

  • Short Term Parking

    3.00 miles

  • Rental Car Parking

    3.08 miles

  • State Street Parking Garage

    3.65 miles

  • Palm Avenue Parking Garage

    3.77 miles

  • North Parking Garage

    4.39 miles

  • Waldemere Parking Garage

    4.42 miles

  • Residence Inn Sarasota Bradenton

    2.72 miles

  • SpringHill Suites Sarasota Bradenton

    2.80 miles

  • DoubleTree

    2.84 miles

  • Hampton Inn & Suites

    2.87 miles

  • Homewood Suites by Hilton Sarasota

    2.87 miles

  • Hyatt Place

    2.88 miles

  • Sleep Inn Sarasota North

    2.93 miles

  • Homewood Suites Sarasota Lakewood Ranch

    2.97 miles

  • Courtyard Sarasota Bradenton Airport

    2.99 miles

  • Quality Inn Sarasota Near Lido Key Beach

    3.02 miles

  • Outback Steakhouse

    0.68 miles

  • Freddy's

    0.68 miles

  • Demetrios Pizza & Grill

    0.69 miles

  • Burger King

    0.77 miles

  • Applebee's

    0.77 miles

  • Paramo Café & Restaurant

    0.77 miles

  • McDonald's

    0.79 miles

  • Taco Bell

    0.81 miles

  • Duffy's Sports Grill

    0.82 miles

  • Paleo Connection

    0.83 miles

  • Gocio Elementary School

    1.17 miles

  • Emma E. Booker Elementary School

    1.79 miles

  • Marjorie G. Kinnan Elementary School

    2.08 miles

  • Booker Schools

    2.23 miles

  • Booker High School

    2.25 miles

  • Tuttle Elementary School

    2.41 miles

  • Ringling College of Art and Design

    2.94 miles

  • Bay Haven School

    3.06 miles

  • Sarasota Military Academy

    3.18 miles

  • Saint Martha's Catholic School

    3.27 miles

  • Koala Early Education Center

    0.75 miles

  • Sammy's Small World Daycare

    1.93 miles

  • Children First

    2.76 miles

  • Kids 'R' Kids Learning Academy of Lakewood Ranch

    6.03 miles

Frequently Asked Questions

How much does Northwood Executive Suites cost?

The space currently listed for sale at Northwood Executive Suites asks for $3,600,000.

What is the total square footage of Northwood Executive Suites?

Northwood Executive Suites totals 18,330 square feet.

When was this property built?

Northwood Executive Suites was built in 2008.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Michael Hollander

Hembree & Associates