4740-4744 E State Road 64 - Office FOR SALE


Bradenton, FL 34208
$1,450,000 USD
941-374-9657
4740-4744 E State Road 64, Bradenton, FL for Sale
$1,450,000 USD
Office - FOR SALE
1/4
null | 6.86% Cap Rate

4740-4744 E State Road 64
Bradenton, FL 34208


HIGHLIGHTS

  • High Traffic, High Visibility Area
  • Close to I-75 and Lakewood Ranch
  • Great tenants with high value income
  • Electric Vehicle Charging Stations on Site
  • Easy Accessibility at the Edge of the Business Center

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$244 USD /SF

CAP RATE

6.86%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Southwest Florida Net Leased Office

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

SCC

APN/PARCEL ID

11272-1220-9,11272-1225-9

ASK ABOUT THIS PROPERTY

Tony Veldkamp, CCIMSVN | Commercial Advisory GroupMore Info
941-374-9657

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Tony Veldkamp, CCIMSVN | Commercial Advisory GroupMore Info
941-374-9657

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