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5312 Cortez Road West, Brad...

James Garner, James Medefind & Jim Shiebler Of Marcus & Millichap Sell Retail Property In Bradenton For $1.4M
SOLDRetail

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

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.

Players

James Garner

Marcus & Millichap

Broker

$102.3M

vol

16 deals

Broker

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