4740 SR-64 , Bradenton, FL 34208

  • $1,450,000
4740 SR-64 , Bradenton, FL 34208
Active
4740 SR-64 , Bradenton, FL 34208
4740 SR-64 , Bradenton, FL 34208
  • $1,450,000

Overview

Property ID: HZA4614615
  • Office, Commercial Sale
  • Property Type
  • 5940
  • Square Feet
  • 2001
  • Year Built

Description

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.

  • Address 4740 SR-64
  • City BRADENTON
  • State/county FL
  • Zip/Postal Code 34208
  • Country US

Details

Updated on October 14, 2024 at 8:11 pm
  • Property ID: HZA4614615
  • Price: $1,450,000
  • Property Size: 5940 Square Feet
  • Land Area: 0.51 Acres
  • Garage Size: x x
  • Year Built: 2001
  • Property Type: Office, Commercial Sale
  • Property Status: Active

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