Theofilos Family Purchases Retail Asset From Bakker Family In Bradenton For $4.25M
816 Manatee Avenue East
$4,250,000
$126/SF
Building Size
33,700 SF
Asset Type
Retail
Closing
Sep 3, 2024
About this deal
AI
The retail asset located at 816 Manatee Avenue East, Bradenton, FL, has been sold for $4,250,000. The property encompasses a total area of 33,700 square feet, resulting in a price per square foot of $126.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,250,000
- Buyer: Theofilos Family
- Seller: Bakker Family
- Brokers: Marc Smouha, Dan Shapiro & George Lisa - KSR
This transaction involved key individuals including Marc Smouha, Dan Shapiro, and George Lisa representing the brokerage KSR, facilitating the sale between the buyer and seller. Their roles were vital in the completion of this retail property transaction.
On the Map
$4,250,000
$126/SF
Retail
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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
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93