Senior Advisor’s local expertise and network leads to a deal for off-market property in Palmetto, Fla.
Sarasota, Fla. (March 11, 2021) – SVN Commercial Advisory Group has managed the sale of a retail property occupied by a Walgreens pharmacy at 930 8th Avenue West in Palmetto, Fla. The $4.2 million deal closed in early March. The property consists of 1.4 acres and the retail building contains more than 15,000 square feet.
As with many of the brokerage’s deals, this sale was due largely to a special connection that one of the advisors had in the commercial real estate industry.
“This was an ‘off-market’ deal,” said Senior Advisor Tony Veldkamp, CCIM, who managed the sale. “I knew the owner was interested in selling and I had a buyer looking for investments, so we were able to get a deal done. We had to work through some maintenance issues, but in the end, they got it done and we closed.”
The seller of this property was GST Palmetto, LLC, and the buyer was Shrimad, LLC. The Walgreens pharmacy will continue to operate at the location.
“This demonstrates why it’s so important to have advisors who are plugged into the local real estate scene,” said Matt Christian, Managing Director of SVN Commercial Advisory Group. “Our advisors are so well-connected and that gives us a tremendous advantage in finding buyers and sellers.”
Matt Christian, Managing Director, SVN Commercial Advisory Group
Tony Veldkamp, CCIM, Senior Advisor,SVN Commercial Advisory Group
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