APG Kicks Off August with 6 Commercial Real Estate Closings
August is off to a strong start at American Property Group of Sarasota, Inc. In the first days of the month, APG brokers closed six commercial real estate transactions spanning a diverse mix of property types — from a high-profile redevelopment site and two national-brand NNN investment properties to industrial, land, and owner-user deals across Sarasota, Bradenton, and Orlando. Here is a look at each closing.
3701 Bee Ridge Rd, Sarasota, FL
3701 Bee Ridge Road, Sarasota, FL
Former Denny’s │ Off-Market Sale │ $4.25 Million
Tyler Sluman and Brian Seidel, CCIM brokered the off-market sale of the former Denny’s property at 3701 Bee Ridge Road in Sarasota for $4.25 million. The 1.59-acre site was acquired by Rich Global, which plans to renovate and reposition the existing building into a multi-tenant commercial property. The transaction was featured by the Business Observer, recognizing the property’s prominent Bee Ridge Road location and the plans for its next chapter. The off-market structure of the deal highlights the value of APG’s broker network in connecting sellers with qualified buyers before a property ever reaches public listing.
13585 S Orange Ave, Orlando, FL
13585 S Orange Avenue, Orlando, FL
Wawa │ NNN Investment Property
Chris Bauman represented the buyer in the acquisition of this Wawa NNN investment property in Orlando. Net-leased properties occupied by national brands such as Wawa continue to attract strong investor interest, offering predictable income and minimal landlord responsibilities. This transaction extends APG’s reach beyond Southwest Florida and adds another nationally recognized tenant to the firm’s recent closing history.
2815 1st St E, Bradenton, FL
2815 1st Street E, Bradenton, FL
Commercial Land │ $975,000
Adam Doak listed and sold this approximately 50,000-square-foot commercial development site along 1st Street E in Bradenton for $975,000. The land was acquired for the development of a new Church’s Texas Chicken restaurant, bringing a new quick-service restaurant location to one of Bradenton’s highly traveled commercial corridors. Land transactions for QSR development reflect continued confidence in the area’s retail and food-service market fundamentals.
5164 S Tamiami Trail, Sarasota, FL
5164 S Tamiami Trail, Sarasota, FL
PDQ │ NNN Leased Investment
Brian Seidel, CCIM brokered the sale of this net-leased investment property occupied by PDQ along South Tamiami Trail in Sarasota. The asset represents another recent closing involving a nationally recognized restaurant tenant and a well-positioned Sarasota commercial property. NNN restaurant properties on Tamiami Trail remain among the most sought-after investment product types in the Sarasota market.
2011 Whitfield Park Loop, Sarasota, FL
2011 Whitfield Park Loop, Sarasota, FL
Freestanding Industrial │ $2.7 Million
Tyler Sluman listed and sold this ±12,000-square-foot freestanding industrial property in Sarasota for $2.7 million. The property went under contract in just 10 days and closed within 45 days — a timeline that reflects the strength of current demand for quality industrial space in the Sarasota market. Industrial inventory in Sarasota remains limited, and well-maintained, freestanding properties continue to move quickly when priced correctly.
2345 Bee Ridge Rd, Sarasota, FL
2345 Bee Ridge Road, Sarasota, FL
Two-Story Commercial Property │ $1.1 Million
Marcia Cuttler listed and sold this ±3,670-square-foot, two-story commercial property on Bee Ridge Road in Sarasota for $1.1 million. The property will become the new home of Sarasota Remodeling & Design, which will use the space for office and showroom operations. Owner-user transactions like this one reflect the demand from local and regional businesses looking to own rather than lease their commercial space in Sarasota’s competitive market.
What These Six Closings Reflect About the Sarasota Commercial Market
These six transactions represent the range of activity APG handles across the Southwest Florida commercial real estate market. In a single closing period, the firm moved a major redevelopment site, two NNN investment assets with national tenants, a commercial land parcel designated for QSR development, a fast-selling industrial building, and an owner-user commercial property.
What they share is buyer and seller confidence in the Sarasota and surrounding markets. Whether the buyer is a national investor acquiring a net-leased asset, a developer acquiring land for a restaurant, or a local business purchasing its own building, demand across property types remains active.
Since 1987, American Property Group of Sarasota, Inc. has helped commercial property owners navigate the sale, leasing, and management of commercial real estate throughout Southwest Florida. If you are considering selling your commercial property, contact APG to discuss your property’s value and current market opportunities.
Call (941) 923-0535 or contact APG online to discuss your commercial property.
Frequently Asked Questions
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APG handles a broad range of commercial real estate in Sarasota and Southwest Florida, including NNN investment properties, industrial buildings, commercial land, retail, office, and owner-user properties. The firm has been active in commercial sales, leasing, and property management since 1987.
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A NNN (triple net) investment property is a commercial asset where the tenant pays base rent plus property taxes, insurance, and maintenance costs. These properties are popular with investors because they produce predictable income with minimal landlord responsibilities. National-brand tenants such as Wawa and PDQ are common occupants of NNN investment properties.
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Demand for industrial properties in Sarasota has remained strong, with well-positioned assets moving quickly. A recent APG listing at 2011 Whitfield Park Loop went under contract in just 10 days and closed within 45 days, reflecting continued market demand for quality industrial space in the area.
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An off-market commercial real estate sale is a transaction completed without the property being publicly listed on platforms such as CoStar or LoopNet. These deals are arranged through a broker’s professional network, connecting motivated sellers with qualified buyers before the property reaches the open market. APG’s sale of the former Denny’s property at 3701 Bee Ridge Road was an off-market transaction.
