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Lakewood Ranch commercial property sells for $4.7M
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Lakewood Ranch commercial property sells for $4.7M
The Mavis Tires & Brakes shop in Lakewood Ranch has sold for $4.77 million at a 5.15% cap rate.The shop at 15209 Garnet Trail just off of State Road 70 was bought by a New Jersey investor as part of 1031 Exchange.The seller is a Belleair Beach LLC named P&D Investments IV. Manatee County property records show it paid $4.6 million for the property in 2022.The 8,820-square-foot shop sits on 1.38 acres and has more than 16 years left on a lease tha…
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