Palmetto, Fla. (January 14, 2020) – Senior advisor Tony Veldkamp, CCIM and Advisor Matt Fenske of SVN Commercial Advisory Group recently coordinated the sale of 40+/- acres of land to be developed at 2845 69th St. East in Palmetto, FLA. Hewitt D. Miller, Trustee was the seller. JBS Commercial was the buyer. Purchase price of the development asset was $5,350,000.
“The 40+/- acres is located right on U.S. 41, just south of I-275. The visibility of the parcel makes it ideal for potential commercial development,” Said Veldkamp, concerning the asset.
The buyer plans to develop the front of the property into retail with multifamily on the back portion of the parcel.
Matt Christian, Managing Director, SVN Commercial Advisory Group
Matt.Christian@svn.com | 941.343.4520
Tony Veldkamp, Senior Investment Advisor, SVN Commercial Advisory Group
Tony.Veldkamp@svn.com | 941.374.9657
Matt Fenske, Associate Advisor, SVN Commercial Advisory Group
Matt.Fenske@svn.com | 941.773.9984
About SVN Commercial Advisory Group
SVN Commercial Advisory Group, is a full service commercial real estate brokerage firm. We provide commercial real estate services to large corporations, middle market businesses and individual entrepreneurial investors. Serving the greater Tampa Bay area, we offer advisory services for the sales, leasing, and management of commercial properties locally, regionally and nationally. Our Advisors provide creative solutions in order to help you achieve your goal.
The Advisors at SVN Commercial Advisory Group have a deep understanding and vast experience with a wide variety of aspects of all investment real estate. Our specialized teams can provide competent guidance to you, your clients or your investors. We have brokered, consulted, managed and provided a wide variety of real estate services across the country.