Marcus & Millichap Sells Retail Property In Bradenton For $2.4M
6513 14th St W, Bradenton, FL 34207, USA
$2,400,000
$6/SF
Building Size
376,010 SF
Asset Type
Retail
Closing
Jul 27, 2020
About this deal
AI
The retail property located at 6513 14th Street West in Bradenton has been sold. The property offers a total of 37,601 square feet of space. The transaction took place on July 28, 2020, at a price of $2,400,000. This equates to a price per square foot of $64. The deal was facilitated by Jim Shiebler, James Garner, and James Medefind from Marcus & Millichap.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,400,000
- Square Footage: 37,601
- Price per Square Foot: $64
- Date: 07/28/2020
- Address: 6513 14th Street West, Bradenton
- Market: Bradenton
The deal was brokered by Jim Shiebler, James Garner, and James Medefind of Marcus & Millichap. They played a crucial role in facilitating the transaction and ensuring a successful sale of the retail property in Bradenton.
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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93