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Bradenton, Fla. (January 3, 2020) – Senior advisor Mike Migone, CCIM, of SVN Commercial Advisory Group recently coordinated the sale of 2, fully leased industrial buildings totaling 52,650 SF at 5103 & 5107 Lena Road in Bradenton, FLA. Maraba, LLC,  was the seller. Diventi St. Armands, LLC, was the buyer. Migone represented the seller. Michael Hollander and Joe C. Hembree from Hembree and Associates represented the buyer. Purchase price was $6,100,000.

“The property consists of 27-1800 SF income producing units that maintain close to 100% occupancy.” Said Migone, concerning the property. “The low vacancy rate, combined with the prime location just off of I-75 and SR 70 made this asset very appealing to the buyer.”

Diventi St. Armands plans to keep the property as a fully leased income producing asset.

Contacts
Matt Christian, Managing Director, SVN Commercial Advisory Group
Matt.Christian@svn.com | 941.343.4520

Mike Migone, Senior Investment Advisor, SVN Commercial Advisory Group
Mike.Migone@svn.com | 941.487.6986

Photo courtesy of Costar