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Blake Silverman Of The Silverman Group Acquires Airport Commerce Center From Stephen Ketchum For $30.4M

Property Image
SOLD
$30,400,000
Rick Brugge
Stephen Ketchum

Florida

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Industrial186,675 SF
Sold 11/24/2025
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Property Image
SOLD

Blake Silverman Of The Silverman Group Acquires Airport Commerce Center From Stephen Ketchum For $30.4M

7602 15th Street East

See Similar Deals
Industrial186,675 SF
Sold 11/24/2025
Rick Brugge
Stephen Ketchum
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$162
Total Square Footage:186,675 SF
Transaction Type:Sale

The property involved in the transaction is an industrial asset located at 7602 15th Street East in the Sarasota market. The sale price was $30,400,000 for a total of 186,675 square feet, translating to a price per square foot of $163. The asset consists of eight buildings and is fully leased, housing 48 tenants.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $30,400,000
  • Square Footage: 186,675
  • Price Per Square Foot: $163
  • Buyer: Blake Silverman - The Silverman Group
  • Seller: Stephen Ketchum - Sound Capital
  • Broker: Rick Brugge - Cushman & Wakefield
  • Address: 7602 15th Street East
  • Market: Sarasota

The Silverman Group acquired the Airport Commerce Center from Sound Capital, which had purchased the property in 2017 for $10.4 million. The deal highlights potential revenue growth opportunities due to the high demand and low vacancy in the Sarasota market.

Players

Rick Brugge
Cushman & Wakefield
Rick Brugge
65 deals$2.8B volume
BROKER
Stephen Ketchum
Stephen Ketchum
1 deal$30.4M volume
SELLER

Details

SOLD
IMAGE: Rick Brugge & Stephen Ketchum DATE: 11/24/2025 ADDRESS: 7602 15th Street East MARKET: Sarasota ASSET TYPE: Industrial BUYER: Blake Silverman - The Silverman Group (@SilvermanGroup) SELLER: Stephen Ketchum - Sound Capital BROKER: Rick Brugge - Cushman & Wakefield (@CushWake) SALE PRICE: $30,400,000 SF: 186,675 ~ PPSF: $163 NOTE: The Silverman Group acquired the eight-building, 186,675-square-foot Airport Commerce Center in Sarasota for $30.4 million from Sound Capital, which bought it in 2017 for $10.4 million. The fully leased industrial park houses 48 tenants and offers upside through mark-to-market revenue growth in a high-demand, low-vacancy Sarasota market.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,621,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$108,004.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$144,111.51
Annual Debt Service$1,729,338.11