For Sale
$1,500,000

714 60Th Street CtBradenton, FL 34208

4,501 SF Office, 5.7% Cap Rate, Leaseback

Overview

Added:
Dec 11, 2024
Days on market:
115
Exceptional investment opportunity: a 4,501-square-foot office building in Bradenton, Florida, is available for sale with a leaseback option. Located at 714 60th St Ct E, this single-story building, constructed in 1986, sits on a 18,948-square-foot lot and is situated in flood zone X, minimizing flood risk. Currently occupied by a full-service veterinary clinic including overnight boarding, the property offers a strong, stable income stream. The sale includes a 7-10 year initial lease with a tenant interested in long-term occupancy, providing a secure investment. The Net Operating Income (NOI) is $85,519, yielding a 5.7% capitalization rate on the $1,500,000 asking price. The lease includes a base rent of $19.00 per square foot (NNN) plus operating expenses and CAM, with 4% annual escalations and renewal options. This property is ideal for investors seeking a stable, income-producing asset with a built-in tenant and long-term lease security. The property is conveniently located on SR 64, less than a mile west of I-75, providing excellent access and visibility. The building is suitable for creative office or medical office uses. This sale-leaseback structure offers a unique opportunity for both immediate income and future growth potential.

Highlights

  • 7-10 year initial leaseback term with renewal options.
  • 4% annual rent escalations.
  • $19.00 per square foot (NNN) base rent plus operating expenses and CAM.
  • $85,519 Net Operating Income (NOI).
  • 5.7% capitalization rate on a $1,500,000 purchase price.

Property Details for 714 60Th Street Ct

Property type
Office properties, Medical offices
Square Feet
4,501 SF
Year Built
1986
Buildings
1
Stories
1

Location Insight

City
Bradenton
County
Manatee
State
Florida
Latitude
27.4923224
Longitude
-82.4852161
714 60Th Street Ct, Bradenton, Florida

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714 60Th Street Ct
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