Downtown Investment Property

Office for Sale
Catylist Listing ID: 30612524
Property Subtypes: Office Building
Building Size (RSF): 15,000 SF
Gross Building Area: 22,000 SF
Sale Price: $4,750,000
Unit Price: $316.67 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: 4/15/2021

Overview / Comments

Address: 802-814 11th St W, Bradenton FL 34205
Additional parking lot across street: 1019 9th Ave W
Sale Price $5,100,000
Lease provides $314,705 NNN to the investor as of August 2021
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 8 years with options
Lease personally guaranteed by six equity partners and the company for 5 year
Building 22,000 sq ft +/-
15,000 sq ft finished Class A professional office space

Firm’s Specialty Areas Include:

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

Attachments & Media

Additional Details

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

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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


Photograph of Listing Agent

David J Fletcher

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