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Medical Office Property in Venice Sells for $1.6M Contact Name: chelsea burrow Contact Email: chelsea.burrow@svn.com Contact Phone Number: 9413871200 Venice, Fla. (September 2, 2021) – Senior advisor Angela Varga, of SVN Commercial Advisory Group recently coordinated the sale of a 5,500 SF medical office building at 842 Sunset Lake Boulevard in Venice. The seller was Gulf Coast Urology Properties, LLP. The buyer was Catic Exchange LLC, Intermediary for Rynik Properties Saratoga Springs LLC. The purchase price was $1,600,000. The property was bought as a sale-leaseback with the seller staying in place as a tenant with a five-year lease. Catic Exchange LLC, which operates outside of Florida, bought the property as an investment with a 1031 exchange. Contacts Matt Christian, Managing Director, SVN Commercial Advisory Group Matt.Christian@svn.com | 941.343.4520 Angela Varga, Senior Investment Advisor, SVN Commercial Advisory Group Angela.Varga@svn.com | 941.932.7131