James Garner, James Medefind & Jim Shiebler Of Marcus & Millichap Sell Retail Property In Bradenton For $1.4M
5312 Cortez Road West, Bradenton, FL, USA
$1,400,000
$411/SF
Building Size
3,404 SF
Asset Type
Retail
Closing
Feb 3, 2021
About this deal
AI
A retail property located at 5312 Cortez Road West in Bradenton has been sold for $1,400,000. The property spans 3,404 square feet, resulting in a price per square foot of $411. The transaction took place on February 4, 2021. James Garner, James Medefind, and Jim Shiebler from Marcus & Millichap represented the parties involved in the sale.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,400,000
- Address: 5312 Cortez Road West, Bradenton
- Market: Bradenton
- Square Footage: 3,404
- Price per Square Foot: $411
The sale of this retail property was facilitated by the brokerage team consisting of James Garner, James Medefind, and Jim Shiebler, who represented the parties involved in the transaction. Their expertise and guidance ensured a successful deal.
On the Map
$1,400,000
$411/SF
Retail
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Players
Bradenton Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93