Bradenton, FL 34210,3647 CORTEZ RD W
Bradenton, FL 34210,3647 CORTEZ RD W
Bradenton, FL 34210,3647 CORTEZ RD W
Bradenton, FL 34210,3647 CORTEZ RD W
Bradenton, FL 34210,3647 CORTEZ RD W
Bradenton, FL 34210,3647 CORTEZ RD W
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$3,250,000

$3,325,000

2.3%
Est.Price: ?

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Est. payment /mo

20,806 SqFt


SOLD DATE : 09/29/2023

Key Details

Sold Price $3,250,000

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

Square Footage 20,806 sqft

Price per Sqft $156

Subdivision Acreage

MLS Listing ID A4551785

Sold Date 09/29/23

HOA Y/N No

Originating Board Stellar MLS

Year Built 1986

Annual Tax Amount $36,367

Lot Size 3.710 Acres

Acres 3.71

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.

Location

State FL

County Manatee

Community Acreage

Zoning PDC

Direction W

Interior

Cooling Central Air

Exterior

Waterfront false

Building

Foundation Slab

Lot Size Range 2 to less than 5

Structure Type Brick

New Construction false

Others

Ownership Corporation

Special Listing Condition None

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Stellar MLS
Listed by SVN COMMERCIAL ADVISORY GROUP
Bought with SVN COMMERCIAL ADVISORY GROUP

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