Ninth-floor office property at Plaza Five Points for sale for $12 million
SARASOTA, Fla. (Sept. 20, 2016) – The 33,565-square-foot ninth floor office property at Plaza Five Points, a prestigious mixed-use building in downtown Sarasota, has recently listed for $11,995,000. The property has been 100% occupied since it was built in 2005.
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Located at 50 Central Avenue in Sarasota, Plaza Five Points was one of the first mixed-use properties built in downtown Sarasota. It contains over 105,000-square feet of office and retail space and 50 residential condo units. Amenities include valet parking, a secure parking garage and full-service staff.
“I cannot remember the last time there was an opportunity like this in the Sarasota office market,” said Ian Black, partner at Ian Black Real Estate, who is representing the seller in the sale. “This is probably one of the finest office spaces in Sarasota, and it sits in the core of the cultural and arts district. I’m confident this property will see a large amount of interest from investors and users, both local and national.”
Office tenants at Plaza Five Points include Fifth Third Bank, SunTrust Bank, Buchanan Enterprises, Premier Sotheby’s and Direct Energy. The 9th floor property, with 33,565 rentable square feet total, is available for immediate occupancy over 7,700 square feet. It is fully furnished premium space designed for professional, law or family offices looking to upgrade their profile in Sarasota. An additional 22,000 sf will be available in April 2017.
“This space is a great location for a corporate headquarters or large office group,” said Black. “With views of Downtown Sarasota and the water, this is a prime location for anyone looking to move into the area.”
Amenities on the ninth floor include a number of private offices with water views and balconies. For more information, contact Ian Black at (941) 906-8688 ext. 102.
About Ian Black Real Estate
Ian Black Real Estate (IBRE) is a boutique commercial real estate brokerage firm located in Sarasota, Fla. The firm is one of the largest commercial brokerage firms in Southwest Florida and boasts a deep knowledge of the commercial real estate market in Sarasota and Manatee counties and the surrounding area. For more information, visit ian-black.com.