Search Results for 

4502 Cortez Road W - Pinebrook Square, Bradenton, FL

Welcome to SHOWCASE.COM, the Web's most comprehensive source of commercial property data, where you can search from 900,000 listings nationwide. To see more Commercial Real Estate listings, Office Space, Industrial Space, Retail Space, Commercial Land, Multi-Family or other commercial property types, just click the button to the right.
DetailMap
4502 Cortez Road W - Pinebrook Square

Bradenton, FL 34210-3143 - Manatee Submarket

(3.4 MB)

Property Type:Office Sub Type:- Status:Existing Year Built:1990
Stories:3 Typical Floor:9,294 SF Building Size:27,882 SF
Smallest Space:634 SF Largest Space:5,155 SF Total Space Avail:16,909 SF Rent/SF/Yr:
$12.50
Parking:Free Surface spaces are available; Ratio of 1.38/1,000 SF


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
634 SF
$12.50/SF/Yr
30 Days
3-5 yrs
Medical
 2nd
1,619 SF
$12.50/SF/Yr
30 Days
3-5 yrs
Medical
 2nd
5,155 SF
$12.50/SF/Yr
30 Days
3-5 yrs
Medical
 3rd
3,239 SF
$12.50/SF/Yr
30 Days
3-5 yrs
Medical
 3rd
4,395 SF
$12.50/SF/Yr
Vacant
Negotiable
Office
 3rd
1,867 SF
$12.50/SF/Yr
30 Days
3-5 yrs
Medical
 
8566884
8566886
8566891
8566906
9749091
8566909
Floor Plan
  
Marketing Flyer Marketing Flyer  
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
634 SF
$12.50/SF/Yr
30 Days
3-5 yrs
Medical
2nd
1,619 SF
$12.50/SF/Yr
30 Days
3-5 yrs
Medical
2nd
5,155 SF
$12.50/SF/Yr
30 Days
3-5 yrs
Medical
3rd
3,239 SF
$12.50/SF/Yr
30 Days
3-5 yrs
Medical
3rd
4,395 SF
$12.50/SF/Yr
Vacant
Negotiable
Office
3rd
1,867 SF
$12.50/SF/Yr
30 Days
3-5 yrs
Medical

Sale Notes:
Starting Bid $700,000
Participation Deposit $10,000

Auction Starts04/25/2017
Auction Ends04/27/2017

Property tours are available by appointment ONLY. Please contact Nicholas Hanson to schedule at 407-557-3876 or nicholas.hanson@marcusmillichap.com.

Investment Highlights: ±27,882 SF multi-tenant office building in Bradenton, FL Exceptional value-add opportunity though lease up of the available ±17,392 SF Best in class building with high quality finishes, a dramatic vestibule and lobbies on each floor Recent renovations as of 2016, including a brand new $100,000+ roof Highly desirable corridor location on primary route between Bradenton and Bradenton Beach Flexible floor plans with an entirely vacant third floor, providing investors the opportunity to capture one large, or several smaller office and/or medical office tenants

Investment Overview:
BMO Harris Bank (the “Property”) is a three-story, multi-tenant office building totaling ±27,882 RSF located at 4502 Cortez Road in Bradenton, Florida.

The Property was built in 1998, is located on ±2 acres and has 96 free surface spaces. Currently the Property is ±38% occupied providing a significant value-add opportunity through leasing up the vacant spaces and near-term roll-over. Alternatively, the building could be purchased by an owner user looking to occupy the vacant space while enjoying a steady stream of income from the current tenants. The majority of the vacancy is on the third floor, which can be leased as either single or multi-tenant suites. The property has been well maintained by the current owners who recently replaced the roof at a cost of $100,000.

BMO Harris Bank is the major tenant occupying ±25% of the Property. The current lease expires in 2018 with the option to extend for two 5 year renewal periods and 3% yearly increases. BMO Harris Bank currently holds an A+ S&P credit rating and utilizes this location as both a retail branch and for back-office operations. The branch has deposits in excess of $51m making it the 5th top performing BMO branch in the state. Other current tenants include professional and medical services like Edward Jones, GGC Tech and Vascular Group. Half of the current tenants are on NN leases paying a full pro-rata share of all reimbursable expenses. The third floor is available for build out and could also be used as professional, medical or owner user space.

The Property is located directly adjacent to Cortez Road West, a busy thoroughfare connecting Bradenton to Bradenton Beach and has a daily traffic count of over 39,000. The property is surrounded by shopping and restaurants including Publix Supermarket, CVS Pharmacy, Hobby Lobby and Outback Steakhouse. The demographics within a 5-mile radius of the Property include an estimated 2016 population of ±175,198 people with an average household income of ±$75,194. Strong population growth with a higher than average household income, combined with falling vacancy rates in the area, provide positive trends for the office sector in this area. .

The Bradenton Area on Florida’s west coast has evolved from a center of agriculture, retirement and tourism to a vibrant location for varied businesses, an active lifestyle and a diverse regional workforce. Nine distinct communities accommodate more than 320,000 residents in the Bradenton Area, which is located in Manatee County on the south side of Tampa Bay just north of Sarasota. Efficient supply chain and logistics are enabled by excellent highway systems, the deep water seaport at Port Manatee, and three international airports within an hour’s drive, including Sarasota-Bradenton International located within minutes from thousands of business locations


Ian Black Real Estate
Melissa Harris
(941) 906-8688 x114

Steve Horn
(941) 906-8688 x107



Share this listing

Copy and paste this HTML into your blog or web page:
<a href="http://www.showcase.com/property/4502-Cortez-Road-W/Bradenton/Florida/901309" target="_blank">4502 Cortez Road W - Pinebrook Square, Bradenton, FL - Commercial property</a>

Send Email
From:
To:
Subject:
Add a personalized message: (Optional)
Copyright © 1997-2017 CoStar Realty Information, Inc. All rights reserved.  |  About SHOWCASE.COM |  Advertise |  Site Map |  800-216-3234