Commercial Sale Property - Office in Bradenton
Listing Price: $1,450,000
Description of Property
Great opportunity to purchase a net leased investment along the hot I-75 corridor in the Bradenton-Sarasota area. Part of an eight building office complex with Owners Association set up for all exterior maintenance including roofs, pressure washing, painting and parking lot maintenance. Replacement reserves in CAM to handle these items. Current Landlord has been subsidizing the CAM by charging below current expenses as well as below current market rates. Great opportunity to increase NOI by $8,500 by increasing CAM over time to current expenses. This would increase CAP rate to 7.4%. Beautiful, well maintained, fully leased income producing office building for sale. Located on the high-traffic and high-visibility SR 64 corridor just west of I-75 and Lakewood Ranch. This building is located in the southwest corner of the Braden River Office park, closest to the Braden River Plaza which features tenants such as Gecko's, Anytime Fitness, and Tractor Supply Co. This business center overlooks a small lake with fountain, drawing attention from SR 64. Consisting of 5,940+/- SF, this building is a fully occupied two unit building. With beautiful large columns in the front of the building, brick facade, ample parking spaces, Electric Vehicle Charging Stations, and well maintained landscape; this is a beautiful setting for any professional or medical office tenant.
Property Details At A Glance
Property Type: Commercial Sale
Property Use or Sub Type: Office
City: Bradenton
County: Manatee
Subdivision: 1st National Bus Center
Sq. Ft. Gross: 5,940
Sq. Ft. Living Area: 5,940
Cost per (heated) sqare foot: $244
Year built: 2001
Annual Tax: $8,214
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
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Water Access: Not specified
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Exterior & Construction
Architectural Style:
Construction: Brick
Foundation: Slab
Roof: Shingle
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Cooling: Central Air
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Lot Information
Lot Features:
Lot Size (acres): 0.51
Lot Size (sq. ft.): 22,268 square feet
Road Frontage: Main Thoroughfare, Private Road, State Road
Adjoining Property:
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Additional Parcels: Yes
Additional Parcels Description: 11272122259
Legal Description & Other Information
Parcel Number: 1127212209
Zoning: PDP
Tax Legal Desc.: LOT 4 1ST NATIONAL BUSINESS CENTER, A COMMERCIAL SUBD PI#11272.1220/9
Section: 28
Range: 18
Listing courtesy of SVN COMMERCIAL ADVISORY GROUP. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
