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$3,250,000

  • Sold
  • Closed
  • Office
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Beautiful, single-tenant 20,806 +/- square foot office building on 3.7 +/- acres in a park-like setting within Wildewood Professional Park. Wildewood is a premier 12-building office park that stays well above 95% occupancy. National Credit, publicly-traded Tenant (NASDAQ) VERISK has been located here for eight years. The current lease term goes until September 2025 with one five-year renewal option. At the renewal the rents are adjusted to market rate providing huge upside as current rent is 25% below market in this very tight office market with less than 5% vacancy! So while this is a great NNN investment currently, it is also value-add with the increasing rents either with the current tenant or new future tenant. Wildewood Office Park is very centrally located on the Cortez Road commercial corridor with easy access to downtown Bradenton, downtown Sarasota, I-75, Lakewood Ranch and the beaches of Anna Maria Island. This is a freestanding, NNN leased building sitting on it's own 3.7 +/- acre parcel with cross access and cross parking easements with the other buildings within Wildewood. The building has recently been painted, re-landscaped, and the parking lot has been replaced.

Full Property Details for 3647 Cortez Rd W

General

  • Sold For: $3,250,000
  • Taxes: $36,367 (2021)
  • Status: Closed
  • Type: Office
  • Source: MidFloridaRegionalMLS
  • MLS ID: A4551785
  • Added to Site: 1, 186 day(s) ago

Location

  • Area: 34210 - Bradenton
  • County: Manatee
  • Development Name: 34210 - Bradenton
  • Subdivision: ACREAGE
  • Driving Directions: 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.

Community

  • Community Name: 34210 - Bradenton

Heating & Cooling

  • Cooling Type: Central Air

Structural Information

  • # Buildings: 1
  • Exterior Const.: Brick
  • Square Feet: 20,806
  • Living Area: 20,806 Sq. Ft.
  • Year Built: 1986

Lot Features

  • Lot Size (Acres): 3.71
  • Lot Size (Sq. Ft.): 161,608
  • Frontage: City Street
  • Street/Road Desc.: Asphalt
  • Rcmdd Zoning: PDC

Financial Considerations

  • Tax Amount: $36,367
  • Tax Year: 2021

Disclosures and Reports

  • Ownership: Corporation
  • Special Conditions: None
  • Legal Description: FROM THE NE COR OF SEC 9; TH N 89 DEG 25 MIN 27 SEC W, ALG THE N LN OF SD SEC 9, 1341.41 FT TO THE NW COR OF THE E 1/2 OF THE NE1/4 OF SD SEC 9; TH S 00 DEG 08 MIN 32 SEC W, ALG THE W LN OF SD E 1/2 OF NE1/4, 671.08 FT TO THE POB; TH CONT S 00 DEG 08 MIN 32 SEC W, ALG SD W LN, 653.45 FT TO THE NW COR OF SOL HAVEN ACRES (PB 11 P 17); TH N 44 DEG 51 MIN 28 SEC W, 478.48
  • Flood Zone Info: X
  • APN: 5182800507
  • Property ID: 5182800507

Listed and Sold by Svn Commercial Advisory Group

Listing agent

— 3647 Cortez Rd W —

  • Svn Commercial Advisory Group

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 3647 Cortez Rd W

School District:Manatee County School District
NameGradesDistance
H. S. Moody Elementary School
5425 38th Avenue West, Bradenton, FL 34209
PK-51.1 mi
Electa Lee Magnet Middle School
4000 53rd Avenue West, Bradenton, FL 34210
6-81 mi
Bayshore High School
5401 34th Street West, Bradenton, FL 34210
9-121.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3647 Cortez Rd W

Date
Details
Price
Change
Source
9/29/2023
Sold
$3,250,000
-2.26%
MLS
1/30/2023
Price Reduced
$3,325,000
-16.56%
MLS
11/05/2022
Listed
$3,985,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed and Sold by Svn Commercial Advisory Group

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3647 Cortez Road W, Bradenton, FL 34210 (MLS# A4551785) is a Office property that was sold at $3,250,000 on September 29, 2023. Want to learn more about 3647 Cortez Road W? Do you have questions about finding other Office real estate for sale in Bradenton? You can browse all Bradenton real estate or contact a Coldwell Banker agent to request more information.