Marcus & Millichap Sells Bradenton Office Building For $5.8M
812 62nd St Cir E, Bradenton, FL, USA
$5,800,000
$141/SF
Building Size
41,027 SF
Asset Type
Office
Closing
Jan 21, 2021
AI
The office property located at 812 62nd St. Cir E. in Bradenton was recently sold for a price of $5,800,000. The property spans a total area of 41,027 square feet, resulting in a price per square foot of $141. The transaction took place on January 22, 2021. Salim Valiani and Andrew Jaworski from Marcus & Millichap represented the parties involved in the deal.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $5,800,000
- Address: 812 62nd St. Cir E., Bradenton
- Market: Bradenton
- Size: 41,027 sq ft
- Price per Square Foot: $141
Brokers Salim Valiani and Andrew Jaworski from Marcus & Millichap played a key role in facilitating the sale of the office property. Their expertise and representation ensured a successful transaction between the parties involved.
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
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93