Dorchester Avenue Holding LLC Acquires Retail Property In Bradenton For $3.2M
6550 Cortez Road West, Bradenton, Florida 34210, United States
$3,200,000
$914/SF
Building Size
3,500 SF
Asset Type
Retail
Closing
Oct 30, 2022
About this deal
AI
6550 Cortez Road West in Bradenton has been sold. The retail property spans 1.1 acres and was purchased by Dorchester Avenue Holding LLC. The deal was facilitated by brokers Patrick Nutt and William Wamble from SRS Real Estate Partners. The sale price for the property was $3,200,000, and it offers 3,500 square feet of space, with a price per square foot at $914.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,200,000
- Address: 6550 Cortez Road West, Bradenton
- Market: Bradenton
- Acres: 1.1
- Buyer: Dorchester Avenue Holding LLC
- Brokers: Patrick Nutt & William Wamble - SRS Real Estate Partners
- Square Feet: 3,500
- Price per Square Foot: $914
This transaction involved the collaboration of Dorchester Avenue Holding LLC as the buyer, and Patrick Nutt and William Wamble from SRS Real Estate Partners as the brokers representing the parties. They successfully facilitated the sale of the retail property located at 6550 Cortez Road West 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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93