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816 Manatee Avenue East

Theofilos Family Purchases Retail Asset From Bakker Family In Bradenton For $4.25M
SOLDRetail

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

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:

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.

Players

Dan Shapiro

Kassin Sabbagh Realty

Broker

$105.1M

vol

11 deals

Broker

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