A fertility clinic looking to expand into Southwest Florida has purchased a commercial building next to Interstate 75 in Sarasota.
RJK Florida Properties, LLC, which is registered to Robert Kiltz, the founder and director CNY Fertility of New York, purchased a 15,395-square-foot medical office building at 5922 Cattlemen Lane in Sarasota. The sale price was $2.7 million..
The seller, Medical Leasing Group, LLC, was represented by Mike Migone of SVN Commercial Advisory Group in Sarasota. The building’s current tenant, FYZICAL, will stay in the building until August.
CNY plans to turn the property into one of its fertility clinics. The company currently has four locations in New York, one in Georgia, one in Colorado and one in Montreal, Quebec.
“Doctors are solid tenants and they tend to stay longer in their locations – they build goodwill to that practice location,” he said. “It’s a solid investment for good cash flow They’re the well-performing type of tenant that stays longer.”
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