SVN Commercial Advisory Group Manages $2.2 Million Sale, 4.6 Acres of Vacant Land in Ellenton, FL.

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SRQ DAILY FRESHLY SQUEEZED CONTENT EVERY MORNING TUESDAY APR 28, 2020

Senior Advisor, Tony Veldkamp, CCIM and Advisor Matt Fenske of SVN Commercial Advisory Group recently coordinated the sale of 4.6 acres of vacant land at 7205 US-301 in Ellenton, FL. 1167159 Alberta LTD, was the seller. The buyer was MHC Operating Limited Partnership. Purchase price was $2,200,000. Fenske and Veldkamp represented the seller. Max Boehmer of Vertica Partners represented the buyer. “The number one rule in real estate is to check with the neighbors. The owners of the Colony Cove mobile home community have had an interest in this site for a long time, but the price had always been a deterrent. With the slight price reduction we instituted, we finally got to a range where they could make it work, so everyone wins.” said Veldkamp, concerning the deal. The buyer, MHC Operating LP is a subsidiary of Equity Lifestyle Properties, Inc., which owns the Colony Cove mobile home community located directly behind the 4.6 acre property. According to their website, “Equity LifeStyle Properties is the leading operator of Manufactured Home Communities, RV Resorts and Campgrounds in North America."

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