7978 CCB 14, LLC, a special purpose entity associated with Benderson Development, has purchased a mixed-use commercial property that includes retail space and residential units on Siesta Key for $1.8 million. The 9,458-square-foot property on .31 acres is located at 5214 Ocean Blvd. in Sarasota.
Jag Grewal, CCIM, SIOR, and Amy MacDougall, CCIM, of Ian Black Real Estate facilitated the transaction. The seller is SRQ Ocean Blvd, LLC.
“The popularity of Siesta Key makes this a valuable acquisition,” said Grewal, partner at Ian Black Real Estate. “There are few opportunities to purchase commercial real estate in Siesta Key Village such as this one, which is in an excellent location and has high visibility.”
The property includes a 2,141-square-foot restaurant space that is currently occupied by French restaurant Bonjour Fresh Café, two additional retail spaces, four vacant apartments and 16 parking spaces.
Benderson also owns a retail property adjacent to this property.
The buyer’s plans for the property are currently undetermined.
About Ian Black Real Estate
Ian Black Real Estate (IBRE) is a boutique commercial real estate brokerage firm located in Sarasota, Fla. The firm is one of the largest commercial brokerage firms in Southwest Florida and boasts a deep knowledge of the commercial real estate market in Sarasota and Manatee counties and the surrounding area. For more information, visit ian-black.com.
SIOR is the leading global professional office and industrial real estate organization that certifies commercial real estate service providers with the exclusive SIOR designation, based on achievement, knowledge, accountability and ethical standards. Only the industry’s top professionals qualify for SIOR. Today, there are more than 3,200 members in 685 cities and 36 countries. For more information, visit www.sior.com