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6460 Parkland Dr
Sarasota, FL 34243
Industrial Property For Sale
Executive Summary
DWG Capital Group is pleased to present 6460 Parkland Dr., Sarasota, FL 34243, a new opportunity to acquire, via long-term sale leaseback, a 23,895-square-foot, industrial manufacturing facility in the prime industrial corridor and coastal market of Central Florida priced at $6,140,000. The facility is strategically located in the FL-301 industrial corridor with 1000 feet of frontage along US Highway 301 and is less than two (2) miles from the Sarasota-Bradenton International Airport.
The asset is currently leased to, and fully occupied by MDC Precision, a global supplier of engineered vacuum components and integrated systems serving semiconductor, aerospace/defense, life sciences, and research customers. This Property is the sole production Facility for MDC’s insulator seal division, including eight (8) product groups only manufactured in Sarasota, serving its ceramic to metal customer base. With a Year-1 Net Operating Income of $399,238 the asset is subject to a 20-year absolute net lease (19 years remaining) along with annual escalations of 2.50%. In addition, the Lease will include two (2), 10-year renewal options.
The asset is currently leased to, and fully occupied by MDC Precision, a global supplier of engineered vacuum components and integrated systems serving semiconductor, aerospace/defense, life sciences, and research customers. This Property is the sole production Facility for MDC’s insulator seal division, including eight (8) product groups only manufactured in Sarasota, serving its ceramic to metal customer base. With a Year-1 Net Operating Income of $399,238 the asset is subject to a 20-year absolute net lease (19 years remaining) along with annual escalations of 2.50%. In addition, the Lease will include two (2), 10-year renewal options.
Property Facts
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.50% | Year Built | 1988 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 0.72/1,000 SF |
| Building Class | C | Clear Ceiling Height | 24’ |
| Lot Size | 1.71 AC | No. Drive In / Grade-Level Doors | 1 |
| Rentable Building Area | 23,749 SF | ||
| Zoning | HM, Samoset - Heavy Manufacturing | ||
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.71 AC |
| Rentable Building Area | 23,749 SF |
| No. Stories | 1 |
| Year Built | 1988 |
| Tenancy | Single |
| Parking Ratio | 0.72/1,000 SF |
| Clear Ceiling Height | 24’ |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | HM, Samoset - Heavy Manufacturing |
Property Taxes
| Parcel Number | 18498-2080-6 | Improvements Assessment | $4,869,019 CAD |
| Land Assessment | $553,770 CAD | Total Assessment | $5,422,790 CAD |
Property Taxes
Parcel Number
18498-2080-6
Land Assessment
$553,770 CAD
Improvements Assessment
$4,869,019 CAD
Total Assessment
$5,422,790 CAD
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