Unpriced
State of Florida & BMO Anchored Office Investment Portfolio
Details
Property Type Office
Sub Type Executive Office
Square Footage 25,893
Units 4
Cap Rate 6.50%
NOI $408,781
Occupancy 100%
Tenancy Multi
Class A
Year Built 1997
Lot Size (SqFt) 88,862
Investment Type Core
Tenant Credit Credit Rated
Office | 6.50% CAP | 25,893 SqFt
Marketing description
Rare opportunity to acquire a stabilized, institutional quality office investment anchored by the State of Florida and BMO Bank within the Bradenton Office Center, located at 4502 Cortez Road West in Bradenton, Florida. The offering consists of four office condominium units totaling approximately 12,686 square feet, representing a 47.66% ownership interest in the 25,893 square foot professional office building. The portfolio is 100% occupied and features a diversified tenant roster anchored by the Florida Department of Children and Families (DCF) and BMO Bank, complemented by established financial services, staffing and media related tenants.
The investment generates approximately $408,781 of Year One Net Operating Income and is offered at $6,289,000, representing a 6.50% going in capitalization rate. Approximately 90% of Year One NOI is derived from DCF and BMO, providing durable cash flow supported by long term leases, contractual rent escalations and credit oriented tenancy.
The property benefits from professional on-site management, active condominium association oversight, recent capital improvements and a centralized ownership structure that supports long term asset preservation and operational efficiency.
With a weighted average remaining lease term exceeding 12 years and more than $7 million in contracted future base rent, the portfolio offers investors a compelling combination of stable income, downside protection and long term appreciation potential in one of Southwest Florida's strongest growth markets.
4502 Cortez Road West is strategically positioned along one of Bradenton's premier commercial corridors, offering exceptional visibility, accessibility and connectivity throughout the Sarasota Bradenton metropolitan area. Located on highly traveled Cortez Road West, the property provides convenient access to US 41, Downtown Bradenton, Anna Maria Island, Sarasota and Interstate 75.
Surrounded by established residential communities, medical providers, financial institutions, retail centers, restaurants and professional service businesses, the property benefits from a highly desirable business environment and strong demographic trends.
Major area destinations include HCA Florida Blake Hospital, Sarasota Bradenton International Airport, IMG Academy, Downtown Bradenton and numerous regional employment centers throughout Manatee and Sarasota Counties.
The Sarasota Bradenton region continues to experience significant population growth, business expansion and in migration, supporting long term demand for quality office and investment properties.
Investment highlights
- Prime frontage on Cortez Road West
- Excellent access to US-41 and Interstate 75
- Minutes from HCA Florida Blake Hospital and major medical providers
- Strong surrounding retail, dining, banking, and professional services
- Located outside of a FEMA Special Flood Hazard Area (SFHA)
- Centrally positioned within one of Southwest Florida's fastest-growing markets
- Asking Price: $6,289,000
- Year 1 NOI: $408,781
- 6.50% Going In Cap Rate
- 100% Occupied
- 12,686 SF Ownership Interest
- 47.66% Ownership of Building
- Largest Ownership Position in Building
- DCF & BMO Generate Approximately 90% of NOI
- 12.8 Year Weighted Average Lease Term
- Over $7.06 Million Remaining Contracted Base Rent
- State of Florida Anchored Tenancy
- Investment Grade Banking Tenant
- Professional On Site Management
- Active Condominium Association Oversight
- Class A Office Environment
- Bradenton Sarasota Growth Corridor
- Condo 303: 3,853 SF
- $1,912,000
- Availability: Active
- Condo 302: 1,867 SF
- $926,000
- Availability: Active
- Condo 101: 6,277 SF
- $3,110,000
- Availability: Active
- Condo 203: 689 SF
- $341,000
- Availability: Active
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$408,781.00
$34,065.08/mo
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