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Sarasota firm marketing nearly 175,000-square-foot portfolio

  • By Louis Llovio
  • | 6:00 p.m. May 24, 2024
  • | 2 Free Articles Remaining!
A St. Petersburg animal hospital is part of a 15-property portfolio that is on the market.
A St. Petersburg animal hospital is part of a 15-property portfolio that is on the market.
Image via SVN Commercial Advisory Group
  • Manatee-Sarasota
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A 15-property portfolio totaling 173,930 square feet has hit the market.

The properties span the Tampa Bay market, Orlando, Ocala and Jacksonville.

According to a marketing email from Sarasota-based SVN Commercial Advisory Group, the portfolio is made up of nine medical buildings, three office buildings, two retail centers and one flex building.

SVN says in the listing that the seller is open to selling the properties as complete package, individually or as a “customizable combination.”

The listings do not show a sale price but there is a call for offers by June 21.

Locally, the Tampa Bay portion of the portfolio is 81,463 square feet and made up of five properties — three medical buildings, one retail center and one flex building — located in Palm Harbor, New Port Richey, St. Petersburg and Tampa.

Among those is a 15,595-square-foot shopping center on U.S. Highway 19.

As for the medical properties in the portfolio. They total 75,616 square feet and are spread out across the four localities.

The largest is an 18,339-square-foot veterinary hospital in St. Petersburg with $500,000 worth of equipment, specialty ducts and operating rooms designed for animals.

SVN did not disclose the portfolio’s owner, but local property and state Division of Corporation records show they belong to LLCs sharing an address with an Altamonte Springs company named DMCC Holdings.

According to DMCC’s website, it is a real estate company with $45 million in assets under management.



Louis Llovio

Louis Llovio is the deputy managing editor at the Business Observer. Before going to work at the Observer, the longtime business writer worked at the Richmond Times-Dispatch, Maryland Daily Record and for the Baltimore Sun Media Group. He lives in Tampa.

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