SAINT PETERSBURG, Fla. (May 22, 2020) – Advisor, Jeff Jamison, MBA of SVN Commercial Advisory Group recently coordinated the sale of a 7,042 SF Davita Dialysis Center at 1117 Arlington Avenue North, St. Petersburg, 33701. Baptist Gardens, LLC, was the seller. The buyer was CLH Ventures. Purchase price was $1,700,000. Jamison represented both sides of the deal.
“This was a fantastic single tenant net lease property located in an opportunity zone.” said Jamison, concerning the deal.
The building was sold at a cap rate of 7% with a 6-year lease in place with 2 option periods. The buyer plans to use the purchase as an investment property.
Contacts
Matt Christian, Managing Director
SVN Commercial Advisory Group
941-343-4520
matt.christian@svn.com
Jeff Jamison, Advisor
SVN Commercial Advisory Group
310.871.5007
jeff.jamison@svn.com
