Deerfield Firm Buys Bradenton Medical Building For $361 PSF

A Deerfield Beach-based company bought a medical office building in Bradenton for $6.65 million, almost twice the price the seller paid four years ago.
Coastal Medica LLC, managed by Bruce L. Schreiber, bought the 14-year-old building for about $361 per square foot.
Coastal Medica got a $4.9 million mortgage loan from Reliance Bank to finance the acqusition.
Coastal Orthopedics and Partners Imaging Center occupies the 18,380-square-foot medical building at 5101 4th Ave. Circle East in Bradenton.
A Bradenton company managed by former state Senator John M. McKay sold the 1.7-acre property for nearly double its 2014 purchase price of $3.35 million.
Source: The Real Deal

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