SVN Commercial Advisory Group Manages Sale of The Beach Club at Anna Maria for $3.7M
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THURSDAY OCT 10, 2019 |
Senior Advisor, Mike Migone,CCIM of SVN Commercial Advisory Group recently coordinated the sale of the 20,996 SF, 14-unit Beach Club at Anna Maria in Bradenton Beach. Raps Development, LLC, was the seller. The buyer was Jacaranda Partners, LLC. Purchase price was $3,700,000. Jacaranda Properties, LLC, plans to keep the property as is, increasing revenues through capital improvements and marketing. “AMI Beach Club is an established hotel with consistent cash flow performance. The location, quality condition and historical income generated by the resort was what attracted the buyer to this asset,” said Migone concerning the deal.
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