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Property Description

Beautiful, single-tenant 20,806 +/- square foot office building on 3.7 +/- acres in a park-like settingrnwithin Wildewood Professional Park. Wildewood is a premier 12-building office park that stays wellrnabove 95% occupancy. National Credit, publicly-traded Tenant (NASDAQ) VERISK has been locatedrnhere for eight years. The current lease term goes until September 2025 with one five-year renewalrnoption. At the renewal the rents are adjusted to market rate providing huge upside as current rent isrn25% below market in this very tight office market with less than 5% vacancy! So while this is a greatrnNNN investment currently, it is also value-add with the increasing rents either with the currentrntenant or new future tenant.rnWildewood Office Park is very centrally located on the Cortez Road commercial corridor with easyrnaccess to downtown Bradenton, downtown Sarasota, I-75, Lakewood Ranch and the beaches ofrnAnna Maria Island. This is a freestanding, NNN leased building sitting on it’s own 3.7 +/- acre parcelrnwith cross access and cross parking easements with the other buildings within Wildewood. Thernbuilding has recently been painted, re-landscaped, and the parking lot has been replaced.

Features
Central Air
Address Map
FL
Manatee
BRADENTON
34210
3647 CORTEZ ROAD W
0
W83° 23' 58.5''
N27° 27' 35.7''
From the corner of State Road 70 and US 301, head west on State Road 70 as it turns into 53rd Ave W. Turn right on 14th St SW. Turn left on Cortez Road.
ACREAGE
Additional Info
SVN COMMERCIAL ADVISORY GROUP
Tony Veldkamp, CCI
Brick
261
Slab
266502740
281516932
1
Completed
City Street
$36,367
2021
PDC
11/05/2022 10:02:08
266502740
09/29/2023
$3,250,000

3647 CORTEZ ROAD W, BRADENTON, Florida 34210

3647 CORTEZ ROAD W, BRADENTON, Florida 34210

20,806 Sqft
$3,325,000
Listing ID #A4551785
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : A4551785
Price : $3,325,000
Square Footage : 20,806 Sqft
Year Built : 1986
Lot Area : 161,608 Sqft
Standard Status : Closed
Building Area : 20,806 Sqft
MLS Status : Sold
Property Type : Office
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