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
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.