Location: 1287 US 41 Bypass South, Venice, Florida 34285

View Larger Map

Property: The property consists of 4.2 acres and is improved with a 19,467 Square Foot (SF) multi-tenant medical office building consisting of two tenants, the Heart and Vascular Center of Venice (HVCV) and Sarasota Memorial Hospital's Imaging Center.

Receivers Duties: Acted as landlord during the foreclosure process, involved in negotiating new leases with current tenants, collect rent, market unoccupied tenant space, maintain common area, evicted prime tenant (largest commercial eviction in Sarasota County), and reported financial performance.

The Receiver transitioned to a role of Property Manager, whereby managing and facilitating the sale of the property.

Lender: Northern Trust