DREZNIN PAPPAS COMMERCIAL REAL ESTATE LLC

CALL FOR OFFERS - Owners Motivated to look at all offers by Tuesday June 7th, by 12 EST (Noon)
14-unit, seven duplex portfolio in Bradenton, Florida (greater Tampa Bay area). All Properties are located within 10 minutes of each other with most being less than 5 minutes away. Attractive unit mix with 10 two-bedroom floor plans and 4 three-bedroom floor plans. Ownership provides an initial one year term and then every lease becomes month to month and continues as such. Substantial value-add potential with opportunity to increase effective gross income approximately 15-20% by year two through renovations and loss to lease realization. Tenants are responsible for all utilities via separate meters. High historical occupancy levels – currently 100% occupied with a mix of Long Term Tenants. Each property affords ease of access to Downtown Bradenton office, dining & shopping destinations, as well as Bradenton’s Historic District – both of which border the scenic Manatee River. Within commuting distance to Tampa, St. Petersburg and Sarasota.
This is a confidential listing. Do not approach or engage tenants or staff. All showings are by appointment only. Please contact your Dreznin Pappas Commercial Real Estate for more details.
DPCRE LLC Sean Dreznin 941.961.8199 tritoncre@gmail.com www.DP-CRE.com

• Situated on the Gulf Coast of Florida, The Bayshore Gardens Portfolio sits south of the greater Tampa Bay area and north of Sarasota • Positioned just south of the Famous Skyway Bridge with ease of access to Saint Petersburg, Bradenton and Sarasota. • This area is expecting a population growth of 50% by 2045 in the Sarasota-Bradenton area according to the University of Florida Bureau of Economic and Business Research. • According to Business Insider, the NP-Sarasota-Bradenton MSA had the 5th highest net migration in the nation from 2010 to 2019. • Ranked as the 10th Fastest Growing MSA in the U.S. by the U.S. Census Bureau.
• Bradenton is home to the juice production headquarters of Tropicana Products (one of the world’s largest producers and marketers of OJ), IMG Academies/The Nick Bollettieri Tennis Academy, the corporate headquarters of Beall’s Inc., the Village of the Arts and LECOM Park which is the spring training home of the Pittsburgh Pirates. • The Bradenton tourism industry employs nearly 26,000 residents, creates $1.3 billion in economic impact and contributes $54.5 million in sales tax.
• One of the top up and coming places for Business with a workforce of approximately 2 million +. • Bradenton is nestled on the beautiful Manatee River and is the largest principal city of the North Port-Sarasota-Bradenton MSA. • Bradenton is expected to see a 42% increase in job growth over the next ten years, which is higher than the US average of 33%.