Sarasota, Florida (June 4, 2014)—Advisors from Sperry Van Ness Commercial Advisory Group’s Sarasota Office and SVN Florida’s Medical Office Building Division recently came together to facilitate the $5.3M sale of the Bradenton Cardiology Center property. Bob Morris of the downtown Sarasota SVN office represented the buyer and Medical Office Building specialist Mark Alexander, CCIM, represented the seller in this all-cash deal.
The fully leased, 24,000-sq. ft. facility is ideally located at 316 Manatee Avenue West in Bradenton. It’s an attractive, three story medical center in the vicinity of the local hospital.
“The Bradenton market is representative of the growth trends we’re seeing throughout the Gulf Coast,” said Morris. “We’re seeing increased investor and buyer activity across all commercial real estate property categories, thanks in large part to the strong tourism and continued growth in new home construction and residential home sales. We’re confident the Sarasota-Bradenton market will continue to be a bright spot in the broader market.”
“The commercial real estate market is already showing solid growth this year, especially in the medical office building sector where we are seeing robust market opportunities,” explained Alexander, who recently completed a $6.6M medical office building sale in Sebring.
SVN Florida provides services in more locations than any other Florida commercial real estate firm and advisors in Jacksonville, St. Augustine, Tallahassee, Panama City, Pensacola, Ocala, New Smyrna Beach, Melbourne, Orlando, Lake Mary, Winter Park, Tampa, St. Petersburg, Sarasota, Bradenton, Naples, Fort Myers, Jupiter, West Palm Beach, Stuart, Fort Lauderdale, Hialeah and Miami. The SVN Florida team represents clients in office, multifamily, retail, industrial, self-storage, hospitality, marina, mobile home park and land transactions.
About Sperry Van Ness Florida Commercial Real Estate Advisors:
Sperry Van Ness is one of the nation’s largest and fastest-growing commercial real estate investment brokerage firms with more than 1,200 advisors and staff in 200 markets throughout the nation. The firm provides brokerage, tenant representation, consultation, asset management, property management, leasing, accelerated marketing and auction services. The Florida team consists of more than 90 advisors serving locations throughout the state. Sperry Van Ness advisors represent clients in office, multifamily, retail, industrial, self-storage, hospitality, marina, mobile home park and land transactions. All Sperry Van Ness offices are independently owned and operated. For more information on SVN Florida, visit www.svnflorida.com. For the latest news, trends and issues related to the commercial real estate market, visit SVN Florida’s blog www.svnflorida.com/blog/.