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SVN | Commercial Advisory Group announces the $5.5 million sale of the Kodra Professional Office Center, a prominent office building in Sarasota, FL. Gail Bowden, Senior Investment Advisor with the Sarasota-based firm, represented the seller, Kodra Professional Corp.

The two-story building at 777 S. Palm Ave, has a 56-year history in the community, including a renovation in 2004. It contains 11,825 square feet, an elevator and offers striking views of Sarasota Bay.

Hollywood Moon Development, LLC, a firm based in Hallandale Beach, FL, acquired the multi-tenant property.

Situated across from the Marie Selby Botanical Gardens, the Kodra Professional Center boasts an outstanding location and high visibility. The property is zoned as “downtown edge,” which means it is part of an urban area operating under the city’s Downtown Master Plan.

The high traffic volume on Palm Avenue – a daily count of about 33,000 – makes this a prime spot for business operations. The center offers convenient access to the Sarasota Bradenton International Airport, which is only 4.4 miles away.

“This is a distinguished property and we’re so pleased to have facilitated this sale,” said Bowden. “The center’s strategic location and longtime presence in this community make it a valuable addition to the buyer’s portfolio.”

The Kodra Professional Center is also just a few minutes away from downtown Sarasota and the art district, making it an ideal location for businesses seeking proximity to cultural and commercial amenitites.

Gail Bowden

Senior Advisor