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2006 58Th Avenue Cir Bradenton, FL 34203

OFF-MARKET Warehouses Google Maps
9,750 SF Built 2008
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 9,750-square-foot warehouse in Bradenton, Florida, presents a compelling value-add investment opportunity. Built in 2008 and renovated in 2014, the property boasts a single-story, 22-foot ceiling height, and is situated on a 1-acre lot. The warehouse features three overhead roll-up doors (two 12' x 12' and one 10' x 10'), a 20' x 24' office space, and two bathrooms. Ample parking is provided with 16 spaces in front of the building. Currently 100% occupied by Classic Car Restorations under a lease extending to August 31st, 2029, at a modified gross monthly rent of $3,650 with no annual rent increases. The property is zoned LM and offers significant upside potential given the recent sale of a comparable neighboring warehouse at $149.00 per square foot. This property is listed at $999,000, representing an attractive price per square foot considering the long-term lease and market conditions. The property's address is 2006 58th Ave Cir E, Bradenton, FL 34203. This is a rare opportunity to acquire a well-maintained, fully leased industrial property in a desirable location.

Property profile

Verified
Property type Warehouses
Year built 2008
Total area 9,750 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • Furniture & Home Goods

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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