Updated Dec 9, 2025
Blake Silverman Of The Silverman Group Acquires Airport Commerce Center From Stephen Ketchum For $30.4M
7602 15th Street East
$30,400,000
$162/SF
Building Size
186,675 SF
Asset Type
Industrial
Closing
Nov 24, 2025
About this deal
AI
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.
On the Map
$30,400,000
$162/SF
Industrial
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Players
Sarasota Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93