For Sale
$2,850,000

6012 28Th StBradenton, FL 34203

15,000 SF Flex/Warehouse, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 15,000-square-foot multi-tenant industrial facility in Bradenton, Florida, presents a compelling investment opportunity. Located at 6012 28th St E, this property boasts a prime location, offering easy access to US 301, 63rd Ave E, and I-75, placing it within close proximity to Lakewood Ranch, Downtown Sarasota, and Downtown Bradenton. The building, constructed in 1986 and extensively renovated in 2022, comprises five units of varying sizes: a 3,000 sq ft warehouse, a 2,000 sq ft warehouse, a 2,500 sq ft warehouse, and a 7,500 sq ft warehouse (formerly two units). Currently operating at 100% occupancy with four tenants (one occupying two suites), the property features five dock-high doors and sits on a one-acre lot (APN: 1872600505). The permitted zoning is LM. The current Net Operating Income (NOI) stands at $137,493 annually, with a pro forma projection of approximately $207,000 per year based on current market rents. A significant portion of the leases are short-term, expiring between November 2024 and April 2025, and December 2026, providing a new owner with the opportunity to implement market-rate adjustments or pursue owner-occupied use. A Phase I environmental assessment was completed in 2018, and a recent survey was conducted in 2018. The asking price for this high-performing asset is $2,850,000. Financial details, including the rent roll and profit and loss statement, are available upon execution of a non-disclosure agreement.

Highlights

  • $2,850,000 asking price for this 15,000 square foot industrial property.
  • 100% occupancy across five units in a multi-tenant building.
  • Located at 6012 28th St E, Bradenton, FL 34203, offering convenient access to major roadways.
  • Features five dock-high doors.
  • Recently renovated in 2022, with a building originally constructed in 1986.

Property Details for 6012 28Th St

Property type
Warehouses, Industrial properties
Square Feet
15,000 SF
Year Built/Renovated
1986/2022
Lot Size (sq. ft)
43,560 SF
Units
5

Location Insight

City
Bradenton
County
Manatee
State
Florida
Latitude
27.4335104
Longitude
-82.5293642
6012 28Th St, Bradenton, Florida

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6012 28Th St
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