Investor buys Bradenton Cardiology building

BRADENTON — Sarasota real estate investor David Morgan purchased the 24,000-square-foot Bradenton Cardiology Center property for $5.34 million.

The price equated to $223 per square foot. That figure is more than the two-year average price per square foot for office space ($104) in the Tampa Bay area, according to the CoStar Group.

Bradenton Cardiology Center constructed the three-story building, at 316 W. Manatee Ave., Bradenton, for the practice in 1999. More recently, the practice reached a long-term agreement with the hospital, which took over responsibilities for providing facilities to the practice. Manatee Memorial Hospital will lease the building from the new owner and will be handling some of the maintenance.