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
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