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: 9/23/2020

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 $305,539 NNN to the investor.
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:

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

View FullscreenMap

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
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither My Florida Commercial Real Estate nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.