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SARASOTA, Fla. (October 8, 2019) – Senior Advisor, Mike Migone,CCIM of SVN Commercial Advisory Group recently coordinated the sale of  the 20,996 SF, 14-unit Beach Club at Anna Maria in Bradenton Beach. Raps Development, LLC, was the seller. The buyer was Jacaranda Partners, LLC. Purchase price was $3,700,000.

Jacaranda Properties, LLC, plans to keep the property as is, increasing revenues through capital improvements and marketing.

“AMI Beach Club is an established hotel with consistent cash flow performance. The location, quality condition and historical income generated by the resort was what attracted the buyer to this asset,” said Migone concerning the deal.

 

Contacts
Matt Christian, Managing Director
SVN Commercial Advisory Group
Office: 941-343-4520
matt.christian@svn.com

Mike Migone, Senior Advisor
SVN Commercial Advisory Group
Office: 941.487.6986
mike.migone@svn.com