6012 28Th St Bradenton, FL 34203

Property Details for 6012 28Th St

Year built

1986

Lot size

1.00 lot acres

Property size

15,000 SF

Property type

Manufacturing properties

Property subtype

Flex space

APN

1872600505

Description

This exceptional 15,000-square-foot multi-tenant industrial facility in Bradenton, Florida, presents a compelling investment opportunity. Located at 6012 28th St E, this property boasts a prime location, offering easy access to US 301, 63rd Ave E, and I-75, placing it within close proximity to Lakewood Ranch, Downtown Sarasota, and Downtown Bradenton. The building, constructed in 1986 and extensively renovated in 2022, comprises five units of varying sizes: a 3,000 sq ft warehouse, a 2,000 sq ft warehouse, a 2,500 sq ft warehouse, and a 7,500 sq ft warehouse (formerly two units). Currently operating at 100% occupancy with four tenants (one occupying two suites), the property features five dock-high doors and sits on a one-acre lot (APN: 1872600505). The permitted zoning is LM. The current Net Operating Income (NOI) stands at $137,493 annually, with a pro forma projection of approximately $207,000 per year based on current market rents. A significant portion of the leases are short-term, expiring between November 2024 and April 2025, and December 2026, providing a new owner with the opportunity to implement market-rate adjustments or pursue owner-occupied use. A Phase I environmental assessment was completed in 2018, and a recent survey was conducted in 2018. The asking price for this high-performing asset is $2,850,000. Financial details, including the rent roll and profit and loss statement, are available upon execution of a non-disclosure agreement.

Location Insight

City

Bradenton

County

Manatee

State

Florida

Longitude

-82.5293642

Latitude

27.4335104