Sunday, July 15, 2012

Marcus & Millichap Announces Sale of Stepping Stone Building for $130,000 in Sarasota, FL




 SARASOTA, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of the Stepping Stone Building (top left photo), a 2,920 rentable square foot vacant office building located in Sarasota, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset commanded a sales price of $130,000.

Krone Weidler (lower right photo), an associate vice president investments and member of the National Seniors Housing Group in the Tampa, Florida office of Marcus & Millichap, had the exclusive listing to market the property on behalf of a financial institution based out of North Carolina.  Ms. Weidler also represented the buyer, a private investor. 

The Stepping Stone Building is located at 250 North Tuttle Avenue.  This former pre-school facility was built in 1959 with a licensed capacity for 64 children.

 The property is zoned OPD (Office Professional District), which permits a wide variety of possible uses.  Building layout consists of multiple educational/instructional rooms, kitchen, office, reception area and multiple restrooms.  On-site improvements include a large fenced-in playground area, storage shed and asphalt paved parking.

“The investor is planning to upgrade the building and lease it to a child daycare worker, who plans to operate as a daycare for children,” says Ms. Weidler.  “The location is excellent for this type of business.” 

Press Contact:

Richard D. Matricaria
Regional Manager,
Tampa, FL
(813) 387-4700

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