Bradenton, Fla. (January 3, 2020) – Senior advisor Mike Migone, CCIM, of SVN Commercial Advisory Group recently coordinated the sale of 2, fully leased industrial buildings totaling 52,650 SF at 5103 & 5107 Lena Road in Bradenton, FLA. Maraba, LLC, was the seller. Diventi St. Armands, LLC, was the buyer. Migone represented the seller. Michael Hollander and Joe C. Hembree from Hembree and Associates represented the buyer. The purchase price was $6,100,000.
“The property consists of 27-1800 SF income producing units that maintain close to 100% occupancy.” Said Migone, concerning the property. “The low vacancy rate, combined with the prime location just off of I-75 and SR 70 made this asset very appealing to the buyer.”
Diventi St. Armands plans to keep the property as a fully leased income-producing asset.
Contacts
Matt Christian, Managing Director, SVN Commercial Advisory Group
Matt.Christian@svn.com | 941.343.4520
Mike Migone, Senior Investment Advisor, SVN Commercial Advisory Group
Mike.Migone@svn.com | 941.487.6986
Photo courtesy of Costar
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.