23,895-Square-Foot, Industrial Manufacturing Facility
$6,940,200
6460 Parkland Drive, Sarasota, FL 34243
For Sale
Industrial
Active
Last Updated: 02/20/2026
5.75
Cap Rate
399,238
NOI
Details:
Cap Rate: 5.75%
NOI: $399,238
Building Size: 23,895 sqft
Lot Area: 2.16 acres
Year Built: 1988
Price Per Sqft: $290
Year Last Renovated: 2005
CeilingHeight: 24
Highlights:
- Florida Rare Coastal Area Absolute NNN | 19-Year Lease w/Strong Private-Equity Backed Tenant
- $399,238 NOI | 5.75% Cap | 23,895 SF @ $290 PSF Providing Attractive Yield & Absolute NNN Security
- Seasoned MDC Precision High-Growth Tenant w/ Fortune-500 Clients & High Life-Sciences Growth
- Excellent Building Condition w/a Class-1000 Clean Room & Exceptional Power, Parking & Logistics Access
- Prime Sarasota Location In 2.2 % Vacancy Limited-Inventory Market & No State Income Tax
Description:
An institutional-quality coastal industrial investment located at 6460 Parkland Drive in Sarasota, Florida’s prime US-301 industrial corridor. The ±23,895 SF facility is fully leased to MDC Precision, LLC, a global manufacturer of precision vacuum components, under an absolute NNN lease with 19 years of term remaining and 2.5% fixed annual escalations, corporately guaranteed by its private equity sponsor.
Documents:
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Location
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