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29836538
29836539

9904 FL-64, Bradenton, FL 34212

JL
FL SL3510801
Matthews
JB
FL SL3639828
Matthews
AD
FL SL3579687 (FL)
Matthews
Listed by Matthews
$3,431,944
111 days on market
Updated 76 days ago

East Glen Professional Park

Details
APN 5661.0015-2, 5661.0010-3, 5661.0005-3
Property Type Office, Retail
Sub Type Day Care/Nursery, Medical Office (+1)
Square Footage 14,540
Net Rentable (SqFt) 14,540
Units 5
Cap Rate 7.31%
NOI $250,934
Occupancy 100%
Rent Bumps Yes
Lease Options Yes
Price per SqFt $236
Year Built 2005
Buildings 3
Stories 1
Acreage 2.890
Zoning PDC
Parking Spaces 71 spaces
Parking Per SqFt 4.88
Investment Type Stabilized
Ground Lease No
Ownership Fee Simple

Bradenton-Lakewood Ranch MSA | 100% Occupied | Large ±2.89 AC Parcel

Investment highlights

Property Highlights

  • Fully Occupied: Fully leased professional office park providing stable, in-place income from day one, featuring contractual annual rent increases that create built-in revenue growth and serve as a natural hedge against inflation, while supporting long-term value appreciation.

  • Strong Core Tenant Mix: East Glen Professional Park features a diversified roster of necessity-based users including medical, education, and childcare operators. These businesses serve everyday community needs and generate consistent traffic.

  • Ample Parking: The property offers 71 parking spaces, equating to an attractive 4.9 spaces per 1,000 square feet, supporting customer demand.

  • Rare ±2.89-Acre Assemblage: Three buildings across three parcels totaling ±2.89 acres, offering long-term redevelopment potential along an established retail corridor.

  • Committed Tenancy: The property is leased to established tenants who have demonstrated long-term commitment to their spaces through substantial build-out investments. Significant tenant investment in the space makes relocation costly and unlikely, strengthening long-term occupancy and income security.

Location Highlights

  • Premium Corridor Visibility: The property boasts 348± linear feet of frontage along State Road 64, one of Eastern Manatee County’s primary east-west arterials. With 39,500+ vehicles per day (ADT), the site delivers sustained, high-impact exposure. SR-64 serves as a critical commuter and retail spine connecting North Bradenton to the rapidly expanding Lakewood Ranch and eastern growth markets, ensuring long-term relevance and visibility.

  • Strategic National Retail Synergy: Positioned within a dense and proven retail node, the site benefits from immediate adjacency to Carlos E. Haile Middle School and is surrounded by established, high-performing national tenants including Starbucks, Aldi, Publix, and Wawa. This concentration of daily-needs and service-oriented brands drives consistent traffic, enhances tenant demand, and reinforces the corridor’s role as a dominant neighborhood retail destination.

  • Robust Development Flexibility: Zoned PDC (Planned Development Commercial), the property offers investors and developers a highly flexible entitlement profile. The zoning supports a wide range of uses, enabling immediate deployment for high-traffic retail or service users, while also preserving optionality for future mixed-use or higher-density redevelopment as land values and demographics continue to strengthen.

  • Exceptional Site Physics: Spanning nearly 3 acres, the site features 70+ existing parking spaces, yielding a superior 5:1 parking ratio. This parking profile supports high-turnover, intensive uses such as quick-service restaurants, medical, or specialty retail, while also reducing future capital requirements and entitlement risk.

  • High-Growth Florida Submarket: Located in the heart of Eastern Manatee County, one of Florida’s fastest-growing submarkets, the property is ideally positioned to benefit from sustained population growth, strong in-migration, and rising household incomes. The Bradenton–Lakewood Ranch corridor continues to attract both residents and employers, reinforcing long-term demand fundamentals and supporting durable rent growth.

Listing Contacts

JL
FL SL3510801
Matthews
JB
FL SL3639828
Matthews
AD
FL SL3579687 (FL)
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$250,934.00
$20,911.17/mo

Valuation Metrics

0
DSCR
7.31%
Cap Rate
7.31%
ROI

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Additional Information

Name
Kyle Matthews
License
BK3554632, CQ1066435 (FL)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Name
Jake Lurie
License
SL3510801
Name
Josh Beniek
License
SL3639828
Brokerage Phone
8133670075
Name
Andrew Doerr
License
SL3579687 (FL)
Brokerage
3579687
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