Crestwood Commons | 6,000-SF Fully Occupied Office… — Sale in Sarasota, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Sarasota, FL 34240
  • Year built: 2005

Photos

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Investment Figures

Cap rate
6.54%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

LOCATED WITHIN LAKEWOOD RANCH WATERSIDE PLANNED COMMUNITY: Lakewood Ranch is a 35,000 acre master planned community with 50 housing developments, multiple mixed use town centers and over 300 shops and restaurants. Lakewood Ranch has seen 80 percent population growth since the 2020 census. Lakewood Ranch recently approved plans for an additional 5,000 homes from 16 different builders. In 2025, Lakewood Ranch ranked second nationally among master-planned communities with 2,085 new home sales and remains the fastest selling multi-generational community in the country according to RCLCO. Investment Highlights: • MULTI TENANT OFFICE: 6,000-Square Foot across Two Buildings on a 0.76 Acre Lot. 30 Parking Spaces and Fully Landscaped Lot • ANNUAL INCREASES: All Current Leases Feature Three Percent to Five Percent Annual increases Built In • INVESTMENT POTENTIAL: Strong Opportunities for Owner/Users, Investors, Condo Exits, Partial Occupancy, and EB-Two Strategies. See Agent for Details • FULLY OCCUPIED CENTER: Can be Modified from Six to up to 28 Individual Executive Offices and Multi-Room Suites. Some with Direct Access of Parking , with Building and Door Signage Based on Demand • ONE MILE FROM LAKEWOOD RANCH MEDICAL CENTER: A 30 Acre Medical Campus with 240 Beds. LRMC Recently Completed a New $120 Million Patient Tower with a Phase II Expansion Plan to Add 60 Additional Beds. DENSE OFFICE PARK LOCATION: Situated within Lakewood Ranch Office Park Adjacent to Multiple Office, Light Industrial, Medical and Education Tenants. Per SMR / LWR Developer, all Commercial Land is Sold Out at this Time • DENSE RETAIL HUB: Located near Center Point at Waterside, a New 50 Acre Mixed-Use Center Featuring Medical Offices, Retail and Restaurants. Two Miles from University Town Center Mall (UTC Mall) and Cooper Creek Square, both Major Retail Centers within the Lakewood Ranch Planned Community • HEAVY TRAFFIC CORRIDOR: Two Miles off of Interstate 75 Exit 213 Seeing 154,000 Vehicles per D

Market Context

This office in Sarasota, FL is listed for sale. It is offered at an approximate 6.5% capitalization rate, a key benchmark for income-producing office assets. The building dates to 2005. Compare it against other office listings for sale in Sarasota, FL — view the full market.

Estimated Price per SF

$152.90/SF – $1,112/SF

Mid: $463.33/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

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