Office

Bradenton Office Plaza

812 62nd St Cir E, Bradenton , FL 34208

Listing Price: $6,200,000

Cap Rate
7.80%
Gross SF
41,027
Rentable SF
41,027
Price/Gross SF
$151.12
Lot Size
6.26 acres
Year Built
2009

Investment Overview

This property is a Mixed Use of retail and office situated on 6.29 acres single parcel, and features 41,027 sq. ft. of rent-able space.There are a total of seven office buildings approximately 6000 sq. ft, and one retail building of 4000 sq. ft. with frontage on SR 64 also known as Manatee Ave. The retail building is anchored by Dunkin' Donuts operated by a multi-unit operator and strong credit. Units in the building range from 1,000 sq ft to 5,000 sq ft.

Manatee ave is the main thoroughfare stretching from the west coast of Florida running through Bradenton crossing over the State and has a traffic count of 46,500 Vehicles Per Day (VPD). The property is conveniently located directly off the state's primary North/South Interstate I-75 with tremendous accessibility. The property enjoys from the traffic generated from Walmart Super Center across the street, and many medical, office and retail located in the immediate area. Other retailers in the area include Publix, Home-depot, brand new Costco Wholesale, hotels, restaurants and more. Manatee Memorial is located on Manatee Ave within 5 miles of the center is a 319 bed hospital with over 500 physicians and is the first hospital to offer dialysis treatment.

Surrounded by high-end affluent residential community of Lakewood Ranch and the evolving demographics support current and future profitability for investor looking for long term sustainability. The strong demographic numbers paired with the small business boom in South West Florida creates a perfect environment for this office product.

Investment Highlights

  • 41,027 Sq. Ft. Built In 2009
  • 7.8% CAP And 11.09% Cash On Cash Return
  • Below Market Rents
  • 10% Vacancies
  • Divide And Spin-off The Dunkin Retail Building
  • Heavily Affluent Area Of Lakewood Ranch Is Within Three Miles

Exclusively Listed By

Financing By

Listing Price: $6,200,000

Cap Rate
7.80%
Gross SF
41,027
Rentable SF
41,027
Price/Gross SF
$151.12
Lot Size
6.26 acres
Year Built
2009

Investment Highlights

  • 41,027 Sq. Ft. Built In 2009
  • 7.8% CAP And 11.09% Cash On Cash Return
  • Below Market Rents
  • 10% Vacancies
  • Divide And Spin-off The Dunkin Retail Building
  • Heavily Affluent Area Of Lakewood Ranch Is Within Three Miles

Investment Overview

This property is a Mixed Use of retail and office situated on 6.29 acres single parcel, and features 41,027 sq. ft. of rent-able space.There are a total of seven office buildings approximately 6000 sq. ft, and one retail building of 4000 sq. ft. with frontage on SR 64 also known as Manatee Ave. The retail building is anchored by Dunkin' Donuts operated by a multi-unit operator and strong credit. Units in the building range from 1,000 sq ft to 5,000 sq ft.

Manatee ave is the main thoroughfare stretching from the west coast of Florida running through Bradenton crossing over the State and has a traffic count of 46,500 Vehicles Per Day (VPD). The property is conveniently located directly off the state's primary North/South Interstate I-75 with tremendous accessibility. The property enjoys from the traffic generated from Walmart Super Center across the street, and many medical, office and retail located in the immediate area. Other retailers in the area include Publix, Home-depot, brand new Costco Wholesale, hotels, restaurants and more. Manatee Memorial is located on Manatee Ave within 5 miles of the center is a 319 bed hospital with over 500 physicians and is the first hospital to offer dialysis treatment.

Surrounded by high-end affluent residential community of Lakewood Ranch and the evolving demographics support current and future profitability for investor looking for long term sustainability. The strong demographic numbers paired with the small business boom in South West Florida creates a perfect environment for this office product.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower