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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.

Property Details of 3647 Cortez Road W

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Listed by Tony Veldkamp,CCI of SVN COMMERCIAL ADVISORY GROUP

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Based on information submitted to StellarMLS as of March 26, 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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