The property involved in this transaction is a 14,400-square-foot medical office building located at 8614 State Road 70 E in the Lakewood Ranch market. The asset was sold for $3.6 million, equating to a price per square foot of $250. The building is fully leased to four medical tenants and is set to be maintained as a long-term investment.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $3,600,000
• Address: 8614 State Road 70 E
• Market: Lakewood Ranch
• Square Footage: 14,400
• Price Per Square Foot: $250
• Buyer: Bahram Ahmadi - Sina Holdings II LLC
• Seller: Ranch Lake Plaza Inc
• Buyer's Representative: Lily Behrends - Re/Max Alliance Group
• Seller's Representatives: Tony Veldkamp & Matt Fenske - SVN Commercial Advisory Group

This transaction was facilitated by Lily Behrends of RE/MAX Alliance Group representing the buyer, Bahram Ahmadi, while the seller, Ranch Lake Plaza Inc, was represented by Tony Veldkamp and Matt Fenske from SVN Commercial Advisory Group. The acquisition highlights the ongoing interest in medical office real estate within the Lakewood Ranch market.