714 60Th Street CtBradenton, FL 34208
- Healthcare properties
- 4,501 SF
Property Details for 714 60Th Street Ct
- Year built
- 1986
- Property size (Sq ft)
- 4,501 SF
- Property type
- Healthcare properties
- Property subtype
- Other office properties
Description
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.
Location Insight
- City
- Bradenton
- County
- Manatee
- State
- Florida
- Latitude
- 27.4923
- Longitude
- -82.4852
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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