4502 Cortez Rd W - Medical CONDO FOR SALE


Bradenton, FL 34210
$6,296,871 USD
954-881-9580
4502 Cortez Rd W, Bradenton, FL for Sale
$6,296,871 USD
Medical CONDO - FOR SALE
1/13
null | 6.49% Cap Rate

4502 Cortez Rd W
Bradenton, FL 34210


HIGHLIGHTS

  • Stabilized $408,781 NOI
  • 6.50% cap rate investment
  • $496.36/SF based on tax records (12,686 SF)
  • Anchored by investment grade bank tenant
  • State of Florida government agency tenancy
  • Located along Cortez Rd commercial corridor

OVERVIEW

Stabilized investment opportunity producing $408,781 in annual net operating income. Based on a 6.50% capitalization rate, the indicated property value is approximately $6.29M, representing roughly $520.96 per square foot based on 12,072 SF per county tax records. The property is anchored by an investment-grade rated national banking institution and a State of Florida government agency, providing strong credit tenancy and stable long term occupancy within a professionally maintained office building. The national bank tenant carries investment grade credit ratings, while the government tenant represents lease obligations associated with the State of Florida, which is rated among the strongest state credits in the United States.

FOR SALE DETAILS

PRICE

$6,296,871 USD

PRICE/SF

$496 USD /SF

CAP RATE

6.49%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

BMO Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

25,893 SF

STORIES

3

BUILDING CLASS

A

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

130

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,263 SF

ZONING

C3, Bradenton

APN/PARCEL ID

50963-4005-9

ASK ABOUT THIS PROPERTY

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