Concrete plant to be built on 7.25 acre property recently sold in Bradenton

A 7.25-acre property in Bradenton has been sold to a local company that is considering building its own concrete batching plant, according to the broker representing the buyer.

Mark Bower, associate investment advisor at SVN Commercial Advisory Group, said the buyer, G&G Steel Concrete LLC, has encountered supply chain issues in finding the concrete it uses for its commercial construction projects.

So, the owner of the company began to study the costs of building his own concrete batching plant, and then, where to install it. The construction activity of the company operates from the town of Myakka.

Bower said G&G Steel Concrete plans to build a manufacturing facility on the southern edge of the property in the 5700 block of 15th Street East in Bradenton, with the intention of later building a retail center closer to access to the street on the property.

MLYK Enterprises LLC sold the property for $ 905,000 at the end of May. Matt Kezar of Ian Black Real Estate represented the seller in negotiations.

“With this real estate acquisition and the planned construction of its concrete facility, it is essentially creating its own supply chain,” Bower said of the buyer, “which will inherently allow it to branch out into other industries. vertical “.

After:Five questions with one of Sarasota’s biggest manufacturers

AND:Bradenton medical practice building sold for $ 21.4 million in sale-leaseback

AND:INDICATORS: Civic and philanthropic contributions of manufacturing to the local community

Bower said finding the right property with the right zoning and the right size was somewhat difficult in today’s market.

“The purchase was a challenge, in that very little commercial real estate is zoned for this type of use,” Bower said. “I searched from Naples to Tampa and east to Arcadia, active and non-market sites.”

Mark Bower is an Associate Investment Advisor on the SVN Business Advisory Group.

The property has access to State Road 70 and Interstate 75 is close enough that the buyer can service all of Sarasota and Manatee, Bower said.

“I think we have provided him with tremendous value on a plot that will allow him to develop and scale the business to manufacture not only concrete but also different types of concrete products as he works to establish a distributor. from that base in Bradenton, ”Bower said. .

The property was previously a flea market, but had sat vacant several years before the recent transaction, Bower said.

Previous Wall Street construction stocks could be revalued, Morgan Stanley says as US enters infra supercycle
Next Presentation wins Coatbridge firm after industry award

No Comment

Leave a reply

Your email address will not be published.