101,000-square-foot office property in Lakewood Ranch hits the market

SARASOTA, Fla. - Sept. 19, 2024 - PRLog -- The owners of a two-story, single-building 101,411-square-foot office property at 9000 Town Center Parkway in Lakewood Ranch have listed the property for sale and engaged Jag Grewal, CCIM, SIOR, and Cameron Wilson, CCIM, of Ian Black Real Estate as the exclusive listing agents.

The Class A corporate property is currently 75% leased to a publicly traded company providing HR services with nearly two years remaining on their current lease. The remaining space is vacant and turnkey.

"This presents an excellent opportunity for a corporate relocation that also offers strong existing cash flow from a credit tenant," Grewal said. "A buyer can benefit from the substantial amount of income from the existing lease for the next two years and also have the ability to occupy – partially immediately and fully after two years – a trophy asset in the hot Lakewood Ranch market."

The property was built in 1998, has 620 parking spots, excess land for development potential and full frontage on Interstate 75. The building was constructed with hurricane impact glass and a full back-up generator and uninterruptible power supply (UPS) system.

Located in Lakewood Ranch, an award-winning master-planned community in the Sarasota-Bradenton metro areas, the property is located within a 20-minute drive of downtown Sarasota and the Sarasota-Bradenton International Airport, and within an hour of downtown Tampa and the Tampa International Airport.

"This property provides a unique opportunity for a company or institution – such as a university, training school, health care provider or large administrative office – that wants to have a major headquarters or regional presence in Lakewood Ranch," Wilson said. "It's rare to have this size of building, especially with frontage on I-75, become available in Lakewood Ranch, not to mention priced below replacement cost."

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.

About SIOR

SIOR is the leading global professional office and industrial real estate organization that certifies commercial real estate service providers with the exclusive SIOR designation, based on achievement, knowledge, accountability and ethical standards. Only the industry's top professionals qualify for SIOR. Today, there are more than 3,200 members in 685 cities and 36 countries. For more information, visit www.sior.com