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MaxHealth Cortez Medical Office Building 4351 Cortez Rd 22,974 SF 100% Leased Office Building Bradenton, FL 34210 $8,714,486 ($379.32/SF) 6% Cap Rate



Executive Summary
Two-building, West Bradenton, medical office complex on Cortez Road, one of the busiest retail corridors in the area. This offering combines a single-tenant MaxHealth building (8,204 +/- SF) with an adjacent two-story, multitenant building (14,770 +/- SF) fully-occupied by MaxHealth and their affiliate partners, that share a 4.2 +/- acre parcel. The parcel has cross-access with an Applebee’s restaurant, Regions Bank and a Publix grocery store at the Bradenton Commons Shopping Center, and offers ample parking and a central location between I-75 to the east and the Gulf beaches to the west, with great access to Florida HCA Blake Hospital (10 minutes) and Manatee Memorial Hospital (15 minutes). Though primarily a retail corridor, there are multiple large office buildings/complexes in close proximity to these buildings.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
22,974 SF
Building Class
B
Year Built
2012
Price
$8,714,486
Price Per SF
$379.32
Cap Rate
6%
NOI
$522,869
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
11,487 SF
Slab To Slab
15’
Zoning
SCC
Parking
102 Spaces (4.44 Spaces per 1,000 SF Leased)
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Walk Score®
Very Walkable (75)
Property Taxes
| Parcel Number | 51879-1031-9 | Improvements Assessment | $3,460,507 |
| Land Assessment | $1,105,485 | Total Assessment | $4,565,992 |
Property Taxes
Parcel Number
51879-1031-9
Land Assessment
$1,105,485
Improvements Assessment
$3,460,507
Total Assessment
$4,565,992
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MaxHealth Cortez Medical Office Building | 4351 Cortez Rd
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