Industrial complex next to Sarasota airport fetches $56 per square foot

Investors Lee Rosen and Jim Tsunis paid $10.4M for the 183,283-square-foot property

TRD MIAMI /
Dec.December 30, 2017 02:00 PM

Airport Commerce Center near Sarasota-Bradenton International Airport

Two investors paid $10.4 million for a complex of eight industrial buildings next to Sarasota-Bradenton International Airport.

Investors Lee Rosner and Jim Tsunis paid about $56 per square foot for the Airport Commerce Center, located just north of the airport. Rosner and Tsunis own approximately one million square feet of industrial space across the country.

Rosner, based in Islandia, New York, told the Sarasota Herald-Tribune the Airport Commerce Center is in “fair to good condition” and that he and Tsunis plan turn it “back into first-class industrial warehouse space.”

About 11,000 square feet, or 7 percent, of the 183,283-square-foot industrial complex is vacant.

The property was built in phases from 1985 to 1994 in the 7000 block of 15th Street East and the 1100, 1200, 1300 and 1400 blocks of Tallevast Road, along the north side of Sarasota-Bradenton International Airport.

Previous owners of the Airport Commerce Center include Airport Commerce LLC, which  bought the property for $8.3 million in 2012, and a Miami-based entity that paid $15.25 million in 2006. [Sarasota Herald-Tribune] — Mike Seemuth


Related Articles

arrow_forward_ios
Ron Bergeron with 3310 Northwest 24th Street (Credit: Facebook and Google Maps)

“Alligator Ron” Bergeron sells properties near Miami airport to Prologis

“Alligator Ron” Bergeron sells properties near Miami airport to Prologis
Cusano’s Italian Bakery at 6806-6814 North State Road 7 (Credit: Google Maps)

Cusano’s Italian Bakery buys out landlord for $14M

Cusano’s Italian Bakery buys out landlord for $14M
South Florida’s industrial market could benefit from the coronavirus pandemic

A safe bet: South Florida’s industrial market could boom after pandemic

A safe bet: South Florida’s industrial market could boom after pandemic
18770 Northeast Sixth Avenue

Miami warehouse leased to Southeast Frozen Foods sells for $31M

Miami warehouse leased to Southeast Frozen Foods sells for $31M
Armando Codina and his daughter, Ana-Marie Codina Barlick and Beacon Logistics Park

Biggest private corporation in US inks lease at Beacon Logistics Park

Biggest private corporation in US inks lease at Beacon Logistics Park
The property and Jonathan Salk (Credit: Google Maps)

Liberty Property Trust sells Fort Lauderdale industrial buildings

Liberty Property Trust sells Fort Lauderdale industrial buildings
Clockwise from top left: 3400 Northwest 74th Avenue, the Opa-locka industrial property and Centergate at Gratigny (Credit: Google Maps)

Here are South Florida’s largest industrial sales of 2019

Here are South Florida’s largest industrial sales of 2019
5601 Northwest 72nd Avenue (Credit: Google Maps)

These were South Florida’s biggest industrial leases of 2019

These were South Florida’s biggest industrial leases of 2019
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...