Dreznin Pappas Commercial Real Estate, LLC
Investment Apex
- An extremely rare offering of 74 units in Sarasota, FL. The SRQ Portfolio is rare for a few reasons including there are only a handful of owners who own enough properties within Sarasota County to put an opportunity like this together.
- For further information, communications with the listing agent and an executed CA will be required.
Prospective Purchasers are encouraged to visit the subject properties prior to submitting offers.
However, all property tours must be arranged with the exclusive Dreznin Pappas Commercial Real Estate agents. At no time shall the tenants, on-site management or staff be contacted without prior approval.
- 9 total properties.
22 buildings.
93% of portfolio is multifamily.
7% is commercial (office, retail). (one mixed-use property)
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Many of the buildings have been updated with roofs, mechanicals, exterior painting and interior improvements.
- Nice mix of Units;
7 - Studio units
28 - One Bedroom units
19 - Two Bedroom / One Bath (includes one SFH one a single parcel with additional 4-unit)
14 - Two Bedroom / Two Bath
1 - Three Bedroom / Two Bath
5 - commercial spaces
- Individual properties can be sold from this portfolio at owners discretion. We have detailed OM's and data available and can discuss and provide.
- List of properties for reference;
1664 9th St - 3-units - potential redevelopment
6273 Draw Lane - 4-units
2111 Palm Terr - 4 units
4704 Swift Road - 5-units
1630 Redwood St - 6-units
1910-1940 Debbie St - 8-units
2015 S Tuttle Ave - 11-units
2738 & 2739 Grand Cayman St - 16-units
2060 & 2066 Hillview St / 2067 Hyde Park St - 17-units + 3 bonus garages
Location Summary
- The SRQ Portfolio is all within Sarasota County and within close proximity overall.
- From the Southernmost property in Sarasota County to the Northernmost property in Sarasota County the distance is less than 12 miles total.
- Most of the properties are grouped together in their own small pockets providing some economy of scale and cost control for management, whether third party or in-house.