3647 CORTEZ ROAD W, BRADENTON FL 34210
BRADENTONMap
| Price | $3,325,000.00 |
| Listing ID | A4551785 |
| Status | For Sale |
| Address Map |
3647 CORTEZ ROAD W, BRADENTON FL 34210 |
| Area | BRADENTON |
| Beds | |
| Baths | |
| Square Ft | 20,806 |
| Lot Size | 161,608 |
| Year Built | 1986 |
| Taxes | $36,367 |
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.