Sarasota, Fla. (October 11, 2022) – Senior commercial real estate advisor, Peter Bartys of SVN Commercial Advisory Group managed the sale of five office condos at 63 Sarasota Center Blvd., Sarasota, FL. Rare to this industrial business district, each office unit was purchased by four different buyers.
Directly south of Lakewood Ranch, Sarasota’s International Trade Center is a hub for industrial, manufacturing, and distribution located off Fruitville Road, two miles east of I-75 between Lakewood Ranch Blvd Extension and Lorraine Road. Sarasota Center Blvd is being connected to Waterside at Lakewood Ranch.
Senior Investment Advisor, Peter Bartys represented both parties in units 101, 102, 104 and represented the seller of 103 and the buyer of 106. Collectively, the units totaled 4,962 square feet of office space and sold for an average of $195 per square foot. As Lakewood Ranch continues to expand in size and population, the surrounding area is also witnessing a correlated boom.
“The post-COVID demand for this type and size of space is very popular. The Trade Center location provided opportunities for both Sellers and Buyers alike”, said Bartys.
SVN International, a full-service commercial real estate brokerage firm headquartered in Boston, is one of the industry’s most recognized brands based on the annual Lipsey Top Brand Survey. With more than 200 locations in 500 markets, SVN provides sales, leasing, and property management services to clients worldwide. SVN advisors represent clients in office, multifamily, retail, industrial, self-storage, hospitality, marina, mobile home park, and land transactions. SVN Commercial Advisory Group serves the greater Tampa Bay area. For more information and the latest news, trends, and issues related to the commercial real estate market, visit www.suncoastsvn.com