Creative Equities LLC Acquires Office Buildings In Bradenton From Braden River Business Center LLC For $6.05M
4730 State Road 64 East & 4744 State Road 64 East
$6,050,000
$90/SF
Building Size
33,330 SF
Asset Type
Office
Closing
Feb 27, 2025
About this deal
AI
Creative Equities LLC purchased two office buildings located at 4730 State Road 64 East & 4740/4744 State Road 64 East in Bradenton. The total sale price for the properties was $6,050,000, with a combined square footage of 33,330. The transaction involved a total of 3.19 acres.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $6,050,000
- Address: 4730 State Road 64 East & 4740/4744 State Road 64 East
- Market: Bradenton
- Square Footage: 33,330
- Price Per Square Foot: $182
- Buyer: Creative Equities LLC
- Seller: Braden River Business Center LLC
- Brokers: Matt Fenske & Tony Veldkamp - SVN Commercial Advisory Group
Creative Equities LLC acquired the office buildings from Braden River Business Center LLC, with the brokerage service provided by Matt Fenske and Tony Veldkamp from SVN Commercial Advisory Group. The properties were fully leased at the time of sale, showcasing the ongoing demand for office space in the region.
On the Map
$6,050,000
$90/SF
Office
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Players
Bradenton Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.62%
Cash-on-Cash
-0.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93