Southwood Shops LLC Acquires Bradenton Retail Property For $12.1M
5722 14th St W
$12,100,000
$112/SF
Building Size
107,697 SF
Asset Type
Retail
Closing
Apr 27, 2023
About this deal
AI
The Southwood Shops, a fully leased retail property located at 5722 14th St W in Bradenton, has been sold for $12.1 million. The property, spanning 107,697 square feet, was acquired by Miami-based partnership Southwood Shops LLC. The seller, Bradwood Shopping Center Co. Ltd, completed the transaction with the assistance of Kirk Olson and Drew Kristol from Institutional Property Advisors - Marcus & Millichap. The shopping center features Winn-Dixie as the grocery anchor, among other tenants.
Summary of transaction details
- Property Type: Retail
- Sale Price: $12,100,000
- Square Footage: 107,697
- Price Per Square Foot: $112
- Address: 5722 14th St W, Bradenton
- Market: Bradenton
Marcus & Millichap's Institutional Property Advisors (IPA) successfully facilitated the sale of Southwood Shops, a fully leased shopping center, in Bradenton. The transaction involved the collaboration of Kirk Olson and Drew Kristol, representing Institutional Property Advisors - Marcus & Millichap, who provided their expertise in completing the deal. The retail property's sale price of $12.1 million reflects its value and potential in the Bradenton market.
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
1.31%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93