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Alexandra Rodriguez
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(954) 693-0100
Direct Office:
(941) 301-8380
alex@
homesbyalex.net

FL Lic # 3239787
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SOLD
$3,250,000
Date 09/29/2023

3647 CORTEZ ROAD W
Bradenton, FL 34210

Office, Business Opportunities
Residence
20,806
Sqft
3.71
Lot Size
Courtesy: SVN COMMERCIAL ADVISORY GROUP, 941-387-1200
Beautiful, single-tenant 20,806 +/- square foot office building on 3.7 +/- acres in a park-like settingwithin Wildewood Professional Park. Wildewood is a premier 12-building office park that stays wellabove 95% occupancy. National Credit, publicly-traded Tenant (NASDAQ) VERISK has been locatedhere for eight years. The current lease term goes until September 2025 with one five-year renewaloption. At the renewal the rents are adjusted to market rate providing huge upside as current rent is25% below market in this very tight office market with less than 5% vacancy! So while this is a greatNNN investment currently, it is also value-add with the increasing rents either with the currenttenant or new future tenant.Wildewood Office Park is very centrally located on the Cortez Road commercial corridor with easyaccess to downtown Bradenton, downtown Sarasota, I-75, Lakewood Ranch and the beaches ofAnna Maria Island. This is a freestanding, NNN leased building sitting on it's own 3.7 +/- acre parcelwith cross access and cross parking easements with the other buildings within Wildewood. Thebuilding has recently been painted, re-landscaped, and the parking lot has been replaced.
A4551785
Office, Business Opportunities, Other
Manatee
1986
3.71 Acres
Brick
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Courtesy: SVN COMMERCIAL ADVISORY GROUP, 941-387-1200


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