Southwest Florida Net Leased Office Investment
4740 & 4744 SR 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
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.
Excellent SR 64 location just west of I-75 and Lakewood Ranch. Site has high traffic location with easy access to downtown Bradenton and Lakewood Ranch, as well as points to the north (Tampa & Saint Petersburg) and Sarasota to the south via I-75. Adjacent to the popular Braden River retail plaza that has Tractor Supply, Applebees, Outback and Geckos restaurant among others. The SR 64 Corridor has seen a wealth of growth and expansion over the last 10 years as it is now a main hub in Bradenton for Retail, Office, and Medical Office Tenants.
