Wildewood Professional Park consists of one two-story building and ten one-story buildings making up 76,593 SF, located in Bradenton, Florida. SugarOak purchased Wildewood for $3.35 million in 2014, and sold it in 2021 for $8.039 million, achieving an 11.1% IRR for investors.
- Tenant occupancy was 47% upon purchase.
- Significant deferred maintenance
- Spent over $1.5 million on improvements to the property
- Strong leasing strategy led to an increase in occupancy from 47% to 100%
- The property was sold in 2021 for $8.039 million
- IRR of 11.1%
- Total return to investors was 108.8% over 7 years