|Gross Leasable Area (GLA)||37,880 Sq.Ft.|
|Price Per Square Foot (GLA)||$112|
|Lot Size||5.75 Acres|
This offering is a fee simple interest in Centre Shops of Longboat Key. The 37,880-square foot neighborhood center is located directly across the street from the Gulf of Mexico. Longboat Key is an exclusive barrier island just west of Sarasota, Florida and an hour south of Tampa. It is home to white, sugar sand beaches and is a popular destination for retirees and families alike. This is a rare opportunity to purchase one of the largest parcels on the island, totaling 5.75 acres.
Centre Shops of Longboat Key is currently 83 percent occupied, with a tenant mix that caters to local residents’ every day needs. Since Centre Shops of Longboat Key is home to the most popular restaurants, hair salon, bank, boutique shops and medical services, residents never need to leave the island.
The Centre Shops of Longboat Key is positioned competitively, as it is one of the only major retail properties on the island. Within a three-mile radius, the average household income equals $139,816 in 2012, placing it well above the national average.
This asset is offered for the low price per foot of $112.20, or $4,250,000.
First Vice President Investments