1630 S Tuttle Ave 7,829 SF 100% Leased Office Building Sarasota, FL 34239 $4,706,628 CAD ($601.18 CAD/SF) 6.81% Cap Rate

Nestled in the prime Sarasota area, 1630 S Tuttle Avenue is a gracious building offering investors a rare opportunity.

This 7,829-square-foot building has been meticulously renovated and is offered as a fully leased, turnkey medical office property. The sellers are proposing a triple net sale-leaseback arrangement with a five-year term at market rates, presenting a promising opportunity for investors seeking passive income in a robust market. Renovated in 2021, the property boasts modern amenities and a versatile design suitable for both office and medical operations. The building was completely restructured with hurricane-resistant doors and windows, solid core interior doors, and luxury vinyl plank flooring, ensuring durability and quality throughout. The layout includes 14 fully equipped exam rooms, an updated X-ray room with equipment, seven private staff offices, four bathrooms, and two shower rooms designated for staff and patient convenience. Additional features comprise a spacious gym and physical therapy area, multiple staff areas with a kitchenette and dining tables, as well as a locker room for storage. This property has been carefully designed to accommodate the operational needs of medical professionals and their patients.

Sarasota offers a prime setting for office and medical properties along Florida’s Gulf Coast. This site, positioned near major roadways, ensures easy access throughout the city. The surrounding area features numerous large medical practices and facilities, providing valuable synergy for businesses. Just minutes away are Sarasota Memorial Hospital and Downtown Sarasota. Nearby amenities include Publix, Wendy’s, LA Fitness, Subway, and Men’s Warehouse, adding convenience for tenants and visitors. Investors will find this area particularly attractive due to its rising population. With an average household income within 5 miles reaching $95,375 annually, there are strong area demographics in place. Additionally, over 212,200 employees work within a 10-mile radius, underscoring the strength of the local workforce.