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Warehouse

Bradenton Industrial Portfolio

6115 31st St E, Bradenton, FL 34203

Listing Price: $6,500,000

Cap Rate
5.64%
Gross SF
57,500
Price/Gross SF
$113.04
Lot Size
3.78 acres
Year Built
2001
Rentable SF
56,000

Investment Overview

Marcus & Millichap is pleased to present the exclusive opportunity to acquire Bradenton Industrial (the “Property”), a two-building industrial portfolio in Bradenton, Florida consisting of an 19,500 gross square-foot, single-tenant, net-leased building; and a 38,000-square-foot, multi-tenant building. There is a strong industrial presence in this market with over 22-million square feet of inventory, and an astounding average vacancy rate of under three-quarters of a percent, within five miles. Bradenton Industrial is occupied by long-term local tenants. Below-market rents in the multi-tenant building, along with short-term leases, provide immediate upside through bringing rents to market. The buildings have many upgrades, such as increased electrical capabilities, oversized doors, and air-conditioned warehouse space. Each building has both dock-high and grade-level doors. The city of Bradenton is located in the Sarasota Florida MSA, situated between Sarasota and Tampa/St Petersburg. The Sarasota MSA is one of the top 10 growing MSAs in the country.

Investment Highlights

  • Significantly Low Market Vacancy of Under 1%
  • Near Immediate Upside Through Bringing Rents to Market on Short Term Leases
  • Easy Access to Major Thoroughfares US 301 and I-75
  • MSA Named Top 10 for Growth in the Country
  • Dock High and Drive in Doors
  • Upgraded Electric Service
  • Well Located Between Sarasota and Manatee Counties

Exclusively Listed By

Warehouse

Bradenton Industrial Portfolio

Listing Price: $6,500,000

Cap Rate
5.64%
Gross SF
57,500
Price/Gross SF
$113.04
Lot Size
3.78 acres
Year Built
2001
Rentable SF
56,000

Investment Highlights

  • Significantly Low Market Vacancy of Under 1%
  • Near Immediate Upside Through Bringing Rents to Market on Short Term Leases
  • Easy Access to Major Thoroughfares US 301 and I-75
  • MSA Named Top 10 for Growth in the Country
  • Dock High and Drive in Doors
  • Upgraded Electric Service
  • Well Located Between Sarasota and Manatee Counties

Investment Overview

Marcus & Millichap is pleased to present the exclusive opportunity to acquire Bradenton Industrial (the “Property”), a two-building industrial portfolio in Bradenton, Florida consisting of an 19,500 gross square-foot, single-tenant, net-leased building; and a 38,000-square-foot, multi-tenant building. There is a strong industrial presence in this market with over 22-million square feet of inventory, and an astounding average vacancy rate of under three-quarters of a percent, within five miles. Bradenton Industrial is occupied by long-term local tenants. Below-market rents in the multi-tenant building, along with short-term leases, provide immediate upside through bringing rents to market. The buildings have many upgrades, such as increased electrical capabilities, oversized doors, and air-conditioned warehouse space. Each building has both dock-high and grade-level doors. The city of Bradenton is located in the Sarasota Florida MSA, situated between Sarasota and Tampa/St Petersburg. The Sarasota MSA is one of the top 10 growing MSAs in the country.

Exclusively Listed By

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