Fullerton Bradenton LLC Acquires Mixed-Use Property In Bradenton For $11.1M
SOLD
$11,095,000
Florida
See Similar DealsMixed-use109,509 SF
Sold 12/21/2021
SOLD
Fullerton Bradenton LLC Acquires Mixed-Use Property In Bradenton For $11.1M
3639 Cortez Road West, Bradenton, Florida 34210, United States
See Similar DealsMixed-use109,509 SF
Sold 12/21/2021
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$101
Total Square Footage:109,509 SF
Transaction Type:Sale
A mixed-use property located at 3639 Cortez Road West in Bradenton has been sold for a total price of $11,095,000. The property spans across 13 acres and has a total square footage of 109,509. The sale price per square foot is $101.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $11,095,000
- Address: 3639 Cortez Road West, Bradenton
- Market: Bradenton
- Size: 13 acres
The buyer of the property is Fullerton Bradenton LLC. Representing the buyer in this transaction is Tony Veldkamp from SVN. On the other hand, Angelia D. Young from A. Young Realty Group, Inc. serves as the seller's representative. These key individuals and companies played a crucial role in the successful completion of the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$591,733.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$39,418.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,595.96
Annual Debt Service$631,151.52
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