ARTICLE
SVN Commercial Advisory Group manages sale of $1.7 million, NNN Medical Office in St. Pete Contact Name: chelsea burrow Contact Email: chelsea.burrow@svn.com Contact Phone Number: 9413871200 SAINT PETERSBURG, Fla. (May 22, 2020) – Advisor, Jeff Jamison, MBA of SVN Commercial Advisory Group recently coordinated the sale of a 7,042 SF Davita Dialysis Center at 1117 Arlington Avenue North, St. Petersburg, 33701. Baptist Gardens, LLC, was the seller. The buyer was CLH Ventures. Purchase price was $1,700,000. Jamison represented both sides of the deal. “This was a fantastic single tenant net lease property located in an opportunity zone.” said Jamison, concerning the deal. The building was sold at a cap rate of 7% with a 6-year lease in place with 2 option periods. The buyer plans to use the purchase as an investment property. Contacts Matt Christian, Managing Director SVN Commercial Advisory Group 941-343-4520 matt.christian@svn.com Jeff Jamison, Advisor SVN Commercial Advisory Group 310.871.5007 jeff.jamison@svn.com