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.

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Location Information

Road Frontage["City Street"]

Basic Information

Property SubTypeOffice
Virtual TourView Tour

Property

Living Area 20806
ZoningPDC

Property Information

Acreage3.71
Construction Materials Brick
Lot Size Square Feet 161,608
MFR Total Acreage 2 to less than 5
Property Condition Completed
Square Feet20,806

Basic Information

List Price$3,325,000
MLS NumberA4551785
Mls Status Active
StatusACT

Building

Building Area Source Owner
Garage Spaces
Year Built1986

Utilities

Cooling Central Air

Water Body

MFR Water Access YN No
MFR Water View YN No

Other

Date Listed11/05/2022
MFR Flood Zone Code X
MFR Flood Zone Date 2021-08-10
View Count9

Tax Information

Tax Year 2021
Taxes$36,367

Location

Address3647 Cortez Road W
AreaBradenton
Building Number3647
CountyManatee
StateFL
StreetCortez
SubdivisionAcreage
TownBradenton
Township 35
Zip34210

Legal

Listing Agreement Exclusive Right To Sell
Parcel Number 5182800507
Tax 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

Based on information submitted to StellarMLS as of March 27, 2023 . All data is obtained from various sources and has not been, and will not be, verified by broker or StellarMLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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3647 Cortez Road WBradenton, FL 34210MLS Number A4551785

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