A well-known Sarasota industrial park has been sold. Airport Commerce Center is a fully leased, small-bay industrial site with eight buildings totaling 186K square feet. The park has 48 tenants and is located across from Sarasota-Bradenton International Airport.
The sale reflects the strength of Sarasota’s industrial market, which is 2.7% vacant and one of the fastest-growing regions in Florida.
Rents in the small bay segment have climbed 81% in the past five years as demand has stayed high.
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Cushman & Wakefield represented New York-based Sound Capital and The Northwind Group in the sale. The Silverman Group purchased the property.
What happened
Cushman & Wakefield announced the sale of Airport Commerce Center in Sarasota. Rick Brugge, Mike Davis and Rick Colon represented the seller in the transaction with The Silverman Group.
Airport Commerce Center comprises eight concrete-and-steel buildings with 16- to 20-foot clear heights and 74 grade-level doors.
Suites range from 1,177 to 12,283 square feet and support warehouse, light manufacturing and showroom users. The park is fully leased.
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The property is located at 7602 15th St East, across from Sarasota Bradenton International Airport, with access to US 301 and Interstate 75.
Rick Brugge said the sale gave investors a rare chance to acquire scale in a high-growth market at a discount to replacement cost.
Blake Silverman said the deal fits the company’s national push into shallow bay value-add projects.
What’s happening now
Sarasota’s industrial market continues to outperform most midsize metros in the US.
The population has grown 14% since 2020, and small bay demand remains strong with 670K square feet of absorption over five years.
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Vacancy is 2.7% as tenants compete for flexible industrial space. Airport Commerce Center remains positioned for continued rent growth as leases roll to market rates.
Takeaway
Airport Commerce Center shows why Sarasota’s small bay industrial market remains one of the strongest in Florida.
High demand, low vacancy, rising rents and a location near key highways and the airport continue to push investor interest.