Tony Veldkamp, Matt Fenske of SVN Commercial Advisory Group manage sale of Health Park East medical office property in Bradenton
BRADENTON, Fla. (December 7, 2018) – Advisors Tony Veldkamp, CCIM, and Matt Fenske, of SVN Commercial Advisory Group have successfully coordinated the $5.9 million sale of the Health Park East property in Bradenton, Fla.
CRG Bradenton HPE, LLC, purchased the property on Nov. 30. The medical office complex is at 6020 SR 70 East.
“An investment group out of Toronto purchased this property through us almost three years ago. It was a distressed asset with more than 60-percent vacancy,” said Veldkamp, who teamed with Fenske to represent the seller. “Since that time, we were able to fully lease it up, creating a tremendous medical office investment and value to the current seller and new buyer. It was a home run for everyone involved.”
Situated on a busy corridor near I-75 and Lakewood Ranch, the investment property contains four buildings, 11 units and nearly 30,000 square feet of space.
“This property has a very low vacancy rate,” Fenske said. “That factor, coupled with a strong mix of tenants, helped draw the buyers to this property.”
SVN is the only commercial real estate company that markets all of its properties to the entire brokerage and investment community. SVN advisors share commission fees with cooperating brokers to close more deals in less time and at the right value for clients. This open, transparent and collaborative approach to real estate is the SVN difference. SVN Florida provides services in more locations than any other Florida commercial real estate company.
SVN, a commercial real estate brokerage firm headquartered in Boston, is one of the industry’s most recognized and powerful brands based on the annual Lipsey Top Brand Survey and Commercial Property Executive Magazine. With more than 200 locations in 500 markets, SVN Commercial Real Estate Advisors provide sales, leasing and property management services to clients worldwide. The Florida team consists of more than 100 advisors serving locations across the state.