Mike Migone Commercial Real Estate

Mike Migone Commercial Real Estate Mike Migone, CCIM serves as a Senior Investment Advisor for SVN Commercial Advisory Group

Mike Migone, CCIM serves as a Senior Investment Advisor for SVN Commercial Advisory Group specializing in the sale and leasing of office, multi-family, industrial, land, and retail properties in Sarasota, Manatee and Charlotte counties. With over 25 years of commercial and residential real estate experience, Migone has a career sales volume in excess of $100 million and remains a top producer. In

addition to being named SVN's "2012 Advisor of the Year" for being the firm’s top producer, Migone was also recognized for “providing the highest level of professional brokerage and consulting services” to his clients.”

Prior to joining Sperry Van Ness, Migone served as a CRE Advisor and Broker Associate for Sotheby’s International Realty in Sarasota, Florida where he excelled in assisting developers with retail site selection, in addition to advising investment grade professionals and franchise use clients. Recognized as an expert in the real estate and commercial investment industry, Migone holds a CCIM designation, an award given only to the industry’s elite, and one of Migone’s most valued career accomplishments. CCIM’s are among an exclusive corps of more than 9,000 professionals who hold this acclaimed designation across North America and more than 30 countries. Migone is a member of the West Coast Chapter of CCIM as well as the Commercial Investment Division of the Sarasota Association of Realtors. Migone possesses extensive experience in the industry including handling the lease and sale of retail, office, land, and warehouse products. His background includes brokering and purchasing hotels as well as participating as the lead associate and developer responsible for successfully selling all 21 units of a condominium conversion on Longboat Key. Migone represents buyers and sellers of income producing assets, office, industrial and land. In his spare time, Migone and his wife Cindy love to participate in all of the recreational resources and amenities that the beautiful Sarasota, Florida area has to offer. Specialties: Applying value to commercial real estate using cash flow principals.

The latest SVN   shared some insight into mixed sentiments in  . Recession worries are up, yet income growth expectation...
07/26/2024

The latest SVN shared some insight into mixed sentiments in . Recession worries are up, yet income growth expectations have improved. Take a look👇

▪️ Costs expected to rise, but 33% foresee increased capital availability
▪️ De-risking remains a focus, with stable capital expenditures.
▪️ 49% don't expect a recession soon. Core strategy players are more optimistic.

Overall, revenue and NOI growth are expected to stay stable, with 72% predicting reduced distress in the year ahead.

Read the full report 🔗 https://loom.ly/PE7hPYY

In the midst of an increasingly challenging housing market, mobile home parks are emerging as a surprising beacon of sta...
07/17/2024

In the midst of an increasingly challenging housing market, mobile home parks are emerging as a surprising beacon of stability. The latest SVN blog dives into the latest trends and insights on why these parks are defying the odds and becoming a hot investment. Take a look 👇

📊 Despite a dip in transaction volumes, average prices per property and per space have increased.

💡 In 2024, all mobile home park sales involved discounts from the list price, unlike 2023 where nearly 20% sold at list price.

Mobile home parks represent a unique investment opportunity with potential for interesting rates of return, particularly in the face of declining inventory and increasing affordability challenges.
Read more 🔗 https://loom.ly/LlWV_OQ

Hope everyone had a wonderful holiday weekend! 🇺🇸⭐️ I'm back to work and excited to share this excellent new listing ava...
07/08/2024

Hope everyone had a wonderful holiday weekend! 🇺🇸⭐️ I'm back to work and excited to share this excellent new listing available for sale – 3 out parcels totaling 3.8 acres in Bradenton.

With frontage on US-41 at a signalized intersection, these sites offer a promising development opportunity. Pending zoning approval to PDMU, will provide flexibility for a wide range of uses, making it ideal for a prospective Land/Retail Pad investor.

The Seller will deliver each parcel filled and graded (Pad Ready) with utilities stubbed to each parcel. Parcel lot lines are flexible depending on the use.

Learn more 🔗 https://loom.ly/9GVCVdw
📲 Contact me at (941)-812-7437 for more information!

06/21/2024

Check out this excellent listing I have available for sale on St Armands Circle! Great opportunity to acquire prime real estate for any type of business.

📍 464 John Ringling Blvd, Sarasota
🔗 https://loom.ly/eJ9xcos
📲 Contact me at (941)-812-7437 for more information!

The Fed's latest economic projections offered some insight into what to expect of rate cuts this year:Projections reveal...
06/18/2024

The Fed's latest economic projections offered some insight into what to expect of rate cuts this year:

Projections revealed that one rate cut is expected by the end of 2024, with four additional cuts projected for 2025. GDP growth is forecasted to remain steady at 2.1% for 2024, while inflation projections have been adjusted to 2.6% for PCE and 2.8% for Core PCE.

Check out the full by SVN for more.
🔗 https://loom.ly/AWQTtfQ

  | Prime 2.7 Acres Zoned and Ready for Development!Approved for medical use, this site can accommodate 22,250 - 30,000 ...
06/03/2024

| Prime 2.7 Acres Zoned and Ready for Development!

Approved for medical use, this site can accommodate 22,250 - 30,000 SF of Class A Office space with substantial parking. The site is located just off SR 70 and Lockwood Ridge Road with over 750 ft of frontage, providing excellent visibility and proximity to major retail outlets in a heavily populated area.

Owner-Developer is open to various options, including build-to-suit arrangements.

📍 5507 29th St E, Bradenton, FL 34203
🔗 https://buildout.com/website/1333901-sale
📲 Contact me at (941)-812-7437 for more information!

  | Another excellent office/warehouse space located near the Sarasota-Bradenton International Airport. Fully air-condit...
05/16/2024

| Another excellent office/warehouse space located near the Sarasota-Bradenton International Airport. Fully air-conditioned building with 7,025 SF of Class A Office and Warehouse space! Check it out 👇

▪️ 100% air-conditioned building
▪️ 3 Phase Power + completely sprinkled
▪️ High volume ceilings (20+ feet)
▪️ 2 Grade level 14 and 10-foot high overhead doors
▪️ Separate loading dock that services building.

📍 885 Tallevast Road, Sarasota, FL
🔗 https://buildout.com/website/Tallevast-Leasing
📲 Contact me at (941)-812-7437 for more information!

The latest quarterly release of the NMHC Apartment Index unveils crucial insights for the Multifamily sector. 🏢 Take a l...
05/02/2024

The latest quarterly release of the NMHC Apartment Index unveils crucial insights for the Multifamily sector. 🏢 Take a look👇

📉 Rent growth has slowed, but sales volume has increased.
📈 Q1 of 2024 marks increased deal flow after two years.
🔝 21% report higher sales compared to just 6% in Q4 2023.
💰 Equity financing slightly improves; 60% find availability unchanged.
📉 Tighter debt financing as Fed delays rate cuts.

Read more in 's latest Economic Update below.
🔗 https://suncoastsvn.com/q1-gdp-cre-outlook-foreclosures-economic-update/

Do you know the current land-use zoning for your commercial property? It's crucial for landowners to be well-informed ab...
04/26/2024

Do you know the current land-use zoning for your commercial property? It's crucial for landowners to be well-informed about their land-use and potential land-use entitlements so that you can take full advantage of your property when it's time to sell.

Knowledge of the options for your property can open new opportunities, open up to more buyers, and potentially increase the value of your property.

SVN's latest blog digs into the key factors owners should be aware of when it comes to zoning.
▪️ Determining Land Uses
▪️ Why is Zoning Necessary?
▪️ Rezoning Opportunities

🔗 https://suncoastsvn.com/zoning-ordinances/

JUST LISTED | Excellent office space for lease near the hospital on US-41!This property offers prime location in the hea...
04/17/2024

JUST LISTED | Excellent office space for lease near the hospital on US-41!

This property offers prime location in the heart of Sarasota, just minutes from Downtown with high visibility and easy access. The property is currently undergoing exterior modifications for a refreshed and updated appearance.

▪️ Multiple units available, 460-1,025 SF
▪️ Some units buildout ready, others are customizable
▪️ Buildout allowances negotiable on per-unit basis

📍 2700 S Tamiami Trail, Sarasota
🔗 https://buildout.com/website/2700-S-Tamiami-Lease
Contact me at (941)-812-7437 for more information!

JUST LISTED! Excellent retail investment opportunity on the beautiful St Armands Circle! 🌴🛍️Currently home to Apricot La...
04/05/2024

JUST LISTED! Excellent retail investment opportunity on the beautiful St Armands Circle! 🌴🛍️

Currently home to Apricot Lane Boutique, this 1,665 SF building was completely renovated in 2016 and boasts 100% single occupancy. The location provides for excellent foot traffic on the world renowned St Armands Circle, making for an attractive retail investment.

▪️ Brand new roof in 2022, Full remodel in 2016
▪️ Two private parking spaces in back
▪️ Price reflects sale of property and business

📍 464 John Ringling Blvd, Sarasota
🔗 https://buildout.com/website/464-John-Ringling
📲 Contact me at (941)-812-7437 for more information!

A recent market sentiment survey included in the latest SVN Economic Update provides some interest points about the curr...
03/26/2024

A recent market sentiment survey included in the latest SVN Economic Update provides some interest points about the current market, take a look...

💰 Equity capital availability remains high, but winning and approving deals remain challenging. Private liquidity is plentiful, but matching investor preferences and yield opportunity remains challenging.

🏢 Multifamily and industrial asset classes are dominating investor attention while retail and hotel landscape remain favorable by most metrics.

📈 Southeast markets continue to lead the charge nationally, particularly in South Florida, North Carolina, and the Nashville metro.

Real the full report below!
🔗https://suncoastsvn.com/economic-update-31524/

Address

1626 Ringling Boulevard, Ste 500
Sarasota, FL
34236

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