Sarasota Portfolio_Property for Sale
Sarasota Portfolio_Property for Sale
Sarasota, FL, US, Americas

Sarasota Portfolio

Portfolio description

Jones Lang LaSalle, Inc. (“JLL”) is pleased to present the Sarasota Portfolio, a 72-unit portfolio consisting of three properties in close proximity to each other in Sarasota, FL. In recent years, these three properties have undergone extensive exterior improvements, structural/mechanical improvements, property beautification, and interior renovations, resulting in truly turn-key assets.


Nestled within quiet neighborhoods with direct access to Downtown Sarasota’s core and beautiful Gulf Coast beaches, these assets are perfectly positioned to capitalize on long-term value appreciation due to little new supply and high barriers to entry for competing rentals. Additionally, the properties have strong in-place cash flow with the opportunity to further rent increases and other income centers.


Offers are being considered as a portfolio, individual offers, or any other combination.

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Attributes

Building area gross
38,268 sf
Sarasota Portfolio (3 Properties)
Sarasota Portfolio (3 Properties)

Media

Investment highlights

  • Opportunity to acquire 72 units across three properties within close proximity to each other
  • Turn-key assets with 100% of units recently renovated and extensive exterior improvements
  • Value-add potential through mark-to-market strategies and increasing other income centers
  • All properties offer immediate access to either Downtown Sarasota or premier Gulf Coast beaches
  • All roofs have been replaced within the last 5 years
  • All concrete block product including concrete block sub-floors, concrete stairwells, and new railings
  • Historically high occupancy rates for Phillippi Square and LinQ Apartments as well as a quick lease-up for Echo on Eighth


Sarasota Portfolio 4_Property for Sale

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Last updated
Jun 6, 2024