SVN Commercial Advisory Group advisors collaborate on $4.43M sale of building that houses surgery center in Sarasota

SVN Florida
Published on June 30, 2017

SVN Commercial Advisory Group advisors collaborate on $4.43M sale of building that houses surgery center in Sarasota

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Building with six operating tables is in the heart of the city, centrally located between Sarasota Memorial Hospital and Doctors Hospital

SARASOTA, Fla. (June 30, 2017) – SVN Commercial Advisory Group senior advisors Bob Morris and Mike Migone, CCIM, collaborated on the $4.43 million sale of the building that houses Premier Surgery Center of Sarasota. The 20,475-square-foot building is at 983 S. Beneva Road and is centrally located between Sarasota Memorial and Doctors hospitals. The facility is near both hospitals and Interstate 75.

Morris represented the buyer, Lido Acquisitions LLC, and Migone the seller, 983 S. Beneva LLC. The transaction closed on Friday.

“Our clients are exceptionally disciplined investors,” said Morris, adding that the transaction is a true NNN investment with a credit tenant on the lease. He said that the medical facility is notable in that it has six operating rooms. “It provides the new facility operator significant opportunity for growth in both the number of procedures performed and revenue,” he said.

The majority tenant partner is National Surgery Center Holdings, a subsidiary of Tenet Healthcare Corp., a diversified healthcare services company with more than 130,000 employees.

For more information, visit suncoastsvn.com.

About SVN

SVN, a 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 190 locations in 500 markets, SVN Commercial Real Estate Advisors provide sales, leasing and property management services to more than 5,550 clients worldwide. The Florida team consists of more than 90 advisors serving locations across the state. SVN advisors represent clients in office, multifamily, retail, industrial, self-storage, hospitality, marina, mobile home park and land transactions. All SVN offices are independently owned and operated. For more information on SVN Florida, visit www.svnflorida.com.

Contacts

Mike Migone, CCIM, senior advisor, SVN Commercial Advisory Group, 941-487-6986 / mike.migone@svn.com

Bob Morris, senior advisor, SVN Commercial Advisory Group, 941-587-1040 / bob.morris@svn.com

Ken Zeszutko, Zeszutko Corp.-PR on behalf of SVN Florida, 321-213-1818 / kenz@zcorppr.com

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SVN Commercial Advisory Group advisors collaborate on $4.43M sale of building that houses surgery center in Sarasota
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