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
About this deal
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