|Price/Rent PSF||$ 329,000.00|
|SQ. FT. Available||1,800|
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.
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.