Office•Office Building•For Sale

5801 Braden Run

5801 Braden Run, Bradenton, Florida 34202

Sale Price $329,000
Sale Type Investment
Bldg Type Single Tenant
Class B
Year Built 1985
Stories 1
Cap Rate 7.88%
Vacancy 100%
Gross Bldg 1,800 SqFt
Land Area .61 Acres
Net Op Inc $25,925.97
Market Bradenton
Sub-Market Lakewood Ranch
At a list price of $329,000, this 1,800 square foot office building will provide stable income for years to come. The current tenant has extended their lease through 2023 producing an average gross income of $35,760 over the next 5 years. These figures put us close to an 8% cap rate in the desirable area of Lakewood Ranch. Located east of I-75 just off of SR 70 in Bradenton, FL, this property is a great option for any investor looking for stable cash flow. This location is surrounded by retail, medical offices and new residential developments. Interstate 75, less than 1 mile from this property, boasts traffic counts of 130,000 cars per day while State Road 70 produces a traffic count number of 47,500 cars per day. This office building will continue to serve the surrounding Lakewood Ranch communities for the foreseeable future.
  • 1,800SF Office Building
  • Stable rents and lease extended through 2023
  • 7.88% Cap Rate
  • Great location with high traffic counts
11/30/2018 6:25:43 PM 12/3/2018 3:12:00 AM

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