This project is a former 101,968 sf Sears located in the gulf coast community of Bradenton, FL. It is conveniently situated just South of the Tampa/St. Petersburg metro area. This building will be converted to 686 climate-controlled storage units. The purchase was made in December of 2019. The conversion was completed in August 2020, and leasing commenced in October 2020. The Sears was on the East end of the DeSoto Mall which has plans for the rest of the mall to be torn down and redeveloped into a new mixed use development.
As of October 31, 2021 this project is 69.5% leased.
303 301 Blvd W, Bradenton, FL 34205
Returns shown are derived from developer projected data. There are many factors that can cause the numbers to be higher or lower than illustrated including time, material and labor costs, rent and operating cost projections as well as interest rates. Potential property level returns will not be indicative of fund returns, due to many factors, which include, but are not limited to, hold period per project, concentration, and management fees. Nothing contained on this site should be construed as tax advice. Please consult your tax professional for specific tax advise. We are happy to visit with your tax professional to discuss Opportunity Zone specific regulations and how they may benefit you. Investments in real estate contain risks that should be understood before investing. The information on this site does not constitute an offering. An offering may only be made by the funds official PPM. Please contact us if you have questions about Opportunity Zone investing or to determine if you qualify to receive offering materials.
Copyright © 2021 GPWM FUNDS - All Rights Reserved.