Bradenton, Fla. (January 6, 2022) – Both Matt Fenske and Senior Advisor, Tony Veldkamp, CCIM of SVN Commercial Advisory Group recently coordinated the purchase of a 5,104 retail building. This property stands at 6581 SR-70 E in Bradenton, FLA. SRQIM, LLC sold the property to JMLE, LLC. Matt and Tony represented the buyer. Steve Horn and Melissa Harris with Ian Black Real Estate represented the seller. The purchase price for this investment property was 2,050,000.
“We were searching for a newer multi-tenant retail plaza for our client since July of last year. As a result, when we saw this listing come to market in October, we sent it to our client who immediately submitted a cash offer very close to the asking price.” Said Fenske, concerning the sale. “After all, the market is very competitive right now for attractive multi-tenant investment properties with the amount of capital coming into Florida and the scarcity of inventory.”
The retail building was built in 2018. It currently holds two restaurant tenants, BubbaQue’s BBQ, and Shipley Do-Nuts, both of whom are on long-term leases. The new owner plans to use the asset as an investment property.
The SVN® brand was founded in 1987 out of a desire to improve the commercial real estate industry for all stakeholders through cooperation and organized competition. SVN is now a globally recognized commercial real estate brand united by a shared vision of creating value with clients, colleagues, and our communities. When you choose SVN you mobilize the entire SVN organization of experts and all our trusted relationships to act on your behalf. This shared network is the SVN Difference.
Matt Fenske, Advisor
SVN Commercial Advisory Group
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.