239 US Hwy 301 E - Office FOR SALE


Bradenton, FL 34208
$1,750,000 USD
813-629-0997
239 US Hwy 301 E, Bradenton, FL for Sale
$1,750,000 USD
Office - FOR SALE
1/13
null | 7.98% Cap Rate

239 US Hwy 301 E
Bradenton, FL 34208


HIGHLIGHTS

  • High Visibility
  • Abundant Parking
  • Solid Block Construction

OVERVIEW

DeSoto Professional Building is located just off of the main intersection of US 41 and Highway 301 Boulevard in Bradenton Fl. At 10,860 FT this office building consists of eight rental office suites ranging from 1,200 ft up to 1680 square feet all of the offices are leased to happy tenants who are paying below market rents. Half of the tenants are currently on month-to-month leases, presenting an opportunity to transition to Triple Net Leases. By restructuring the leases, this will shift the expenses of property taxes, property insurance, and maintenance costs to the tenants in the coming years. The remaining tenants are set to renew their leases within 2024. The Pro-forma numbers are based on converting leases to a triple net structure.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$161 USD /SF

CAP RATE

7.98%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

52

LAND DETAILS

LAND ACRES

1.33 AC

LAND SF

57,935 SF

ZONING

GC

APN/PARCEL ID

47790-0000-1

ASK ABOUT THIS PROPERTY

Austin PenningtonLatitude Commercial Realty Inc.More Info
813-629-0997

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Austin PenningtonLatitude Commercial Realty Inc.More Info
813-629-0997

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.