Sioux Falls, S.D., investors buy E.B. Simmonds Electrical headquarters

BUYER: Kiropa Island LLC, Sioux Falls, S.D.
SELLER: E.B. Simmonds Enterprises LLC
PROPERTY: 3750 Enterprise Ave., Naples
PRICE: $2.5 million
PREVIOUS PRICE: $599,900, March 2001
TITLE FIRM ON DEED: Lutgert Title LLC, Naples

PLANS, DESCRIPTION: Sioux Falls, S.D., real estate investors purchased a 30,462-square-foot office and warehouse development for $2.5 million.

The price equated to $82 per square foot. That figure is lower than the two-year average price per square foot for office space ($120) in Southwest Florida, according to the CoStar Group.