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

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.