CENTRAL PARK OF COMMERCE BUILDING SELLS FOR $4 MILLION
Ben Bakker, CCIM Candidate of MSC Commercial Represented Central Park of Commerce, LLC to Sell the Conveniently Located Industrial Park
Contact Name: Samantha Emelock
Contact Email: email@example.com
Contact Phone Number: 9418775085
*Photography available upon request*
February 24, 2021 (Sarasota, Fla) – Ben Bakker of MSC Commercial, the commercial division of leading real estate broker Michael Saunders & Company, represented Central Park of Commerce, LLC in the sale of a nearly 70,000 SF industrial building at 6620 19th Street East in Sarasota. Schanz Land & Investment Co. purchased the warehouse-style building for $4 million on February 18th, 2021.
“This is the perfect example of how industrial spaces are leading the charge in today’s active commercial market,” said Bakker. “This was a blended purchase by an owner-user who has taken advantage of a healthy cap rate return of longstanding tenants and filling up the rest of the building. A rare opportunity that served the need of the buyer while being a wise financial investment.”
The Central Park of Commerce industrial park also grants convenient access to US-41, US-301, and University Parkway. MSC Commercial leveraged its collaborative professional relationships with the Realtor Association of Sarasota and Manatee and other area brokers to market and sell the property.
Ben Bakker works out of the Michael Saunders & Company Commercial Division office at 100 South Washington Boulevard. He can be reached for further comment at 941.724.8009.