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.