Marcus & Millichap Sells Retail Property In Bradenton For $2.4M
SOLD
$2,400,000
Florida
See Similar DealsRetail376,010 SF
Sold 07/28/2020
SOLD
Marcus & Millichap Sells Retail Property In Bradenton For $2.4M
6513 14th St W, Bradenton, FL 34207, USA
See Similar DealsRetail376,010 SF
Sold 07/28/2020
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$6
Total Square Footage:376,010 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$127,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69
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