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812 62nd St Cir E, Bradento...

Marcus & Millichap Sells Bradenton Office Building For $5.8M
SOLDOffice

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

Salim Valiani

Marcus & Millichap

Broker

$132.4M

vol

14 deals

Broker

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