Location Summary

• Sarasota - FL Summary Sarasota is located on the Gulf Coast at the apex of Central and Southwest Florida. The metro is well-known as a tourist destination due to its world class beaches and variety of nightlife and cultural attractions. Sarasota is also home to a large, vibrant, and active retail sector, fueled not only by the strong tourism, but also by one of the nation's strongest population growth rates. The Sarasota metro area includes the entirety of both Manatee and Sarasota counties, with the overwhelming bulk of all retail buildings (nearly 86%) located near the coast in Bradenton and Sarasota. The vacancy rate has fallen throughout the recovery, primarily because of consistent demand outpacing supply. In fact, new construction has been significantly down since 2010, averaging far below the metro's historical norm. The ever tightening fundamentals allowed landlords to steadily push rents to a level not seen in nearly a decade. After reaching a cyclic peak in 2015, annual rent gains have cooled somewhat over recent quarters. Perhaps surprisingly, investment activity in Sarasota has been extremely robust for the majority of this cycle, with only three years posting total sales volumes below the metro's average. Sarasota's retail market proved resilient to the recession affects on many metros and has remained appealing to investors for well over a decade. Sarasota - FL Vacancy Overview Thanks in large part to a flourishing tourist industry, Sarasota has experienced strong demand since 2012. This has combined with muted new construction over this same period to gradually compress vacancies to a level below the historical average and approaching the market's all-time low. While developer activity appears to be on the rise with numerous properties under construction and a moderate pipeline, the metro remains well-positioned to absorb additional supply. In addition to having one of the higher population growth rates in the nation, Sarasota's retail/wholesale trade has been one of the fastest growth sectors, with job increases of approximately 18% since 2015. These have combined to fuel a steady retail demand, which is likely to continue into the foreseeable future.
• Jodat Professional Buildings Portfolio (JPB) is an off market opportunity not listed but available for $2,500,000. Sale consists of two office buildings offered at $2.5M firm. 2620 S Tamiami Trail Sarasota Fl. Prime location on US 41 S Tamiami Trail near Hospital and downtown Sarasota. Existing lease runs thru Jan 1, 2028. Four Tenants NOI ± $143,000 521 W 9th St Bradenton FL located directly across the street from Manatee Government Office/Court Complex. Existing lease runs thru Jan 1, 2028. Single Tenant NOI $± $57,000 Combined NOI of $200K makes Cap Rate 8. Tenants mix of Medical and well known law firm. This is a confidential Off Market offering, do not contact tenants. All showings are by appointment through the broker.