Property Description
Beautiful, single-tenant 20,806 +/- square foot office building on 3.7 +/- acres in a park-like setting within Wildewood Professional Park. Wildewood is a premier 12-building office park that stays well above 95% occupancy. National Credit, publicly-traded Tenant (NASDAQ) VERISK has been located here for eight years. The current lease term goes until September 2025 with one five-year renewal option. At the renewal the rents are adjusted to market rate providing huge upside as current rent is 25% below market in this very tight office market with less than 5% vacancy! So while this is a great NNN investment currently, it is also value-add with the increasing rents either with the current tenant or new future tenant. Wildewood Office Park is very centrally located on the Cortez Road commercial corridor with easy access to downtown Bradenton, downtown Sarasota, I-75, Lakewood Ranch and the beaches of Anna Maria Island. This is a freestanding, NNN leased building sitting on it’s own 3.7 +/- acre parcel with cross access and cross parking easements with the other buildings within Wildewood. The building has recently been painted, re-landscaped, and the parking lot has been replaced.
Features
: Central Air
Address Map
US
FL
Manatee
Bradenton
ACREAGE
34210
CORTEZ
3647
ROAD
W83° 23' 58.5''
N27° 27' 35.7''
From the corner of State Road 70 and US 301, head west on State Road 70 as it turns into 53rd Ave W. Turn right on 14th St SW. Turn left on Cortez Road.
34210 - Bradenton
W
PDC
Additional Information
https://www.propertypanorama.com/instaview/stellar/A4551785
3985000
2022-11-05
: Slab
: Brick
20806
Financial
36367
Listing Information
266502740
281516932
Sold
2023-10-02T08:49:08Z
Stellar
: None
2023-10-02T08:48:33Z

Commercial Sale For Sale

3647 Cortez W Road, Bradenton, Florida 34210

20,806
$3,325,000
Listing ID #A4551785
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : A4551785
Price : $3,325,000
Square Footage : 20,806
Year Built : 1986
Lot Area : 3.71 Acre
Property Sub Type : Office
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