Downtown Investment Property

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30256076
Property Subtypes: Office Building
Status: Pending/Contingent
Building Size (RSF): 15,000 SF
Gross Building Area: 22,000 SF
Sale Price: $4,110,000
Unit Price: $274 PSF
Property Use Type: Investment
Class of Space: Class A
Usable Size (USF): 15,000 SF
Sale Terms: Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 8/28/2018

Overview / Comments

Address: 802-814 11th St W, Bradenton FL 34205
Additional parking lot across street: 1019 9th Ave W
Sale Price $4,110,000
Lease will provide $288,000 NNN to the investor/purchaser
Lease will provide for 3% annual increase
Law firm has been in business for almost 100 years.
Over 50 employees
27 attorneys, 6 equity partners/attorneys
Gross revenue for 2017 +/- $12 million
Lease Back for 10 years with options
Lease personally guaranteed by six equity partners and the company for 7 year
Building 22,000 sq ft +/-
15,000 sq ft finished Class A professional office space
Firm’s Specialty Areas Include:

Banking
Business
Business Litigation
Estate Planning
Heath Care
Immigration
Labor and Employment
Land Use
Local Government
Real Estate
Tax

Attachments & Media

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Tax ID/APN: 3316010159, 3316200009, 4347000004
Construction/Siding: Block, Stucco

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,681 99,281 191,721
Median Age: 37.67 41.03 43.25
Households: 5,730 40,587 80,308

Contact

Photograph of Listing Agent

David J Fletcher

WAGNER REALTY MFCRE Member
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