Asset Type: Real Estate
Estate: Leasehold
Year Built: 1997
Land Area: 2.04 Acres
Number of Units: 4
Property Type: Office
Occupancy %: 100
Year Renovated: 2026
Number of Floors: 3
Property Size: 25,893 SF
Investment Highlights
- *Asking Price: $6,289,000
- *Year 1 NOI: $408,781
- *6.50% Going In Cap Rate
- *100% Occupied
- *12,686 SF Ownership Interest
- *47.66% Ownership of Building
- *Largest Ownership Position in Building
- *DCF & BMO Generate Approximately 90% of NOI
- *12.8 Year Weighted Average Lease Term
- *Over $7.06 Million Remaining Contracted Base Rent
- *State of Florida Anchored Tenancy
- *Investment Grade Banking Tenant
- *Professional On Site Management
- *Active Condominium Association Oversight
- *Class A Office Environment
- *Bradenton Sarasota Growth Corridor
State of Florida & BMO Anchored Office Investment Portfolio | $6.289M | 6.50% Cap Rate | 12.8-Year WALT
Rare opportunity to acquire a stabilized, institutional quality office investment anchored by the State of Florida and BMO Bank within the Bradenton Office Center, located at 4502 Cortez Road West in Bradenton, Florida.
The offering consists of four office condominium units totaling approximately 12,686 square feet, representing a 47.66% ownership interest in the 25,893 square foot professional office building. The portfolio is 100% occupied and features a diversified tenant roster anchored by the Florida Department of Children and Families (DCF) and BMO Bank, complemented by established financial services, staffing and media related tenants.
The investment generates approximately $408,781 of Year One Net Operating Income and is offered at $6,289,000, representing a 6.50% going in capitalization rate. Approximately 90% of Year One NOI is derived from DCF and BMO, providing durable cash flow supported by long term leases, contractual rent escalations and credit oriented tenancy.
The property benefits from professional on-site management, active condominium association oversight, recent capital improvements and a centralized ownership structure that supports long term asset preservation and operational efficiency.
With a weighted average remaining lease term exceeding 12 years and more than $7 million in contracted future base rent, the portfolio offers investors a compelling combination of stable income, downside protection and long term appreciation potential in one of Southwest Florida's strongest growth markets.
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