• Seasonal Rental Community With Old Florida Charm and No Deferred Maintenance
• Historically, In-Season Occupancy and Rents Have Averaged 90+ Percent and Over $3,500/Month per Room
• Strong Upside Potential to Increase Occupancy/Revenue by Utilizing Automatic Room Pricing Software and
Employing a Strategic Online Marketing Campaign
• Can Be Bought for Below Replacement Cost and Significantly off of Pre-COVID Peak Pricing
• Excellent Fit for a New Owner/Operator or an Existing Operator Looking to Add Scale in the Market
• Potential Long-Term Re-Development With the 18,500+ SF of Well-Located Land

• Class A+ Location Just 1-Block From the Pristine White Sands of Bradenton Beach
• Excellent Walkability to the Beach, the Intracoastal and to Bridge Street, the Center of the Historic Old Town District and Home to an Eclectic Mix of Bars, Restaurants, and Shops
• Short Drive to Holmes Beach, Coquina Beach, Anna Maria Island, Longboat Key Beach
• Excellent 1-Mile Demographics Show the Average Resident Earns 3x the National Average and Home Prices on Anna Maria Island Average Over $1 Million According to Zillow

Pelican Post Resort is a 1960’s vacation rental community in the Bradenton Beach/Anna Maria submarket of Bradenton, Florida. Pelican Post consists of three buildings, totaling 11-units and an onsite office. This offering presents investors the opportunity to own a recently renovated property in a class A market with significant upside and located in a strong vacation rental demand submarket.

Each building has its own unique charm while maintaining an overall beach and relaxation theme. The main building with 8 units is constructed of concrete block with a flat built-up roof. The other two buildings are wood frame with shingled roofs. Units mix includes Eight One Bedroom/One Bathroom units and Three Studio units. Tenants are afforded some fantastic amenities, including a grilling area, spaced out loungers and chairs, ample green space, decking, bikes available to tenants upon request as well as direct beach access and being steps from the Marina, Restaurants, Bars and the Bay.

Pelican Post Resort allows an investor to purchase an asset in an irreplaceable location with an in-place $550,000 Gross Potential Income at takeover and upside potential in ADR and the impact of capital improvements over time. Depending on the acquisition pricing, if financing is a part of that purchase, then assuming current available rates and terms, an investor can expect a cash-on-cash return of approx. 16.5% on current income with the ability to increase the cash-on-cash return to over 20% and increase it each year thereafter as markets continue to recover and move up. This return is achieved by increasing occupancy and revenue through the utilization of automatic room pricing software, enhanced, and increased online marketing and booking platforms along with implementing strategic interior improvements. On a ten-year hold, an investor can expect an average annual return (IRR) of over 23%.

Pelican Post Resort is conveniently located on 1st Street North which sits one block East of the silky white sands of Bradenton Beach, one block West of the Emerald Green Intracoastal and one block North of Bridge Street where most of the major attractions, bars & restaurants are located. Major points of interest in close proximity to Pelican Post Resort include Bradenton Beach (0.1 miles), Historic Street Pier & Anna Maria Oyster Bar (0.1 miles), Bradenton Beach Marina (0.2 miles), Cortez Beach (0.4 miles), Coquina Beach (0.8 miles), Anna Maria Beach (2.6 miles), Whitney Beach (2.9 miles) and Longboat Key (2.9 miles). Located 13.9 miles from Pelican Post is the Sarasota-Bradenton International Airport and 15 miles from Interstate 75, giving access to Bradenton, Sarasota, and Saint Petersburg to the North as well as Venice, Cape Coral and Fort Myers to the South.

Featuring some of the finest beaches in Florida, Bradenton Beach & Anna Maria Island are well known as vacation locales with lots of peace and relaxation. These gulf coast beaches and barrier islands have some of the softest, whitest sand on the West Coast and it is a stunning place to watch the sun set over the Gulf of Mexico. Anna Maria and the local beaches have been compared to locations such as Maui and Oahu in Hawaii and Bora Bora in French Polynesia.

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