DeSoto Square Mall

Properties Sold
  • Property Type:
  • Beds: MAKE OFFER
  • Baths: n/a
  • Sq Ft: 569,675 SF
DeSoto-Square-Mall_Page_1_Image_0003
DeSoto-Square-Mall_Page_1_Image_0008
DeSoto-Square-Mall_Page_1_Image_0007
DeSoto-Square-Mall_Page_1_Image_0002
DESOTO SQUARE MALL
Bradenton, FL 34205

PRICE Please Inquire
GLA 582,737 SF
PROPERTY TYPE Retail
CAP RATE n/a
OCCUPANCY 71%
YEAR BUILT 1973
Downloads
OFFERING MEMORANDUM
FLYER

BRANDON HAKIMI
brandon@namdarllc.com
DIRECT: 516.773.0080
OFFICE: 516.773.0010
DEMOGRAPHICS
2013 Total Population
1 – mi. – 248,286
3 – mi. – 361,721
5 – mi. – 446,378
More info in the flyer

INVESTMENT HIGHLIGHTS

  • DeSoto Square is a 678,377 SF regional mall anchored by 100K SF Hudson’s Furn., 103,162 SF JCPenney, and a 99,946 SF Sears (separately owned). The area offered for sale totals ±569,675 SF of GLA.
  • The Bradenton MSA is a sizeable secondary market trade area with favorable retail demographics, a growing population, and close proximity to the Tampa and Sarasota MSAs.
  • The only enclosed shopping center in Manatee County.
  • Recent addition of Hudson Furniture Showroom (100,151 SF) demonstrates the continued drawing power of the Mall
  • Immediate upside potential through lease-up of vacancies (132K SF anchor space)
  • Stable In-line Sales over the past several years (ranging from $292/psf in 2003 to $280/psf in 2013)
  • Manatee County has experienced exceptional population growth since 2000, adding close to 80,000 new residents.

City:Bradenton
State:FL
Square Feet:569,675 SF
Price:MAKE OFFER
Cap Rate:n/a

Listing Inquiry