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BUYER: SBP 5239 LLC (principal: David Baldauf), University Park
SELLER: Penn Associates LLP
PROPERTY: 5239 Ocean Blvd., Sarasota
PRICE: $1.38 million
PREVIOUS PRICE: $271,500, November 2004
LAW FIRM ON DEED: Band Weintraub PL, Sarasota
PLANS, DESCRIPTION: University Park-based retail giant Benderson Development Co. LLC purchased the 6,829-square-foot Siesta Beach Plaza for $1.38 million.
The price equated to $201 per square foot.
Following the sale, Benderson Development signed a new deal with Maufla Inc., which operates as the Bella Roma Italian Restaurant, to lease 1,496 square feet in the center for an initial 10-year term.
The 23-year-old strip center also houses Siesta Tees and Boulevard Beach Wear.
Calls to Benderson Development for comment were not returned prior to publication.
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