David Verinder Of Sarasota Memorial Healthcare System Acquires 120 Acres In Manatee County For $60M
State Road 64 Near Interstate 75
$60,000,000
Building Size
—
Asset Type
Land
Closing
Sep 23, 2026
About this deal
AI
The asset involved in this transaction is a land parcel of approximately 120 acres located on State Road 64 near Interstate 75 in Manatee County, Florida. The sale price for this property is $60,000,000.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $60,000,000
- Address: State Road 64 Near Interstate 75
- Market: Manatee County, FL
- Acres: 120.0
- Buyer: David Verinder - Sarasota Memorial Healthcare System (SMH)
- Additional Acquisition: 10-acre parcel for $8.4 million
This transaction includes the involvement of the Sarasota Memorial Healthcare System, which plans a potential future healthcare campus on the purchased land. The first phase of development is expected to feature a freestanding emergency department, with plans for additional outpatient and medical facilities in the future.
On the Map
$60,000,000
Land
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State Road Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93