Florida Badger buys retail, residential building

Florida Badger buys retail, residential building

BUYER: Florida Badger LLC (principal: Mark Theiler), Sarasota

SELLER: River Central LLP

PROPERTY: 2705 Mall Drive, Sarasota

PRICE: $562,100

PREVIOUS PRICE: $625,000, May 2003

LAW FIRM ON DEED: Van Winkle & Sams PA, Sarasota

PLANS, DESCRIPTION: Mark Theiler, a Sarasotan best known for his Badger Appliance store, bought out a former partners' interest in a 7,984-square-foot two-story building east of the Sarasota Pavilion for $562,100.

The purchase price equated to $70 per square foot. The building houses two business suites on the bottom floor and three apartments on the top level. It was fully leased at the time of the sale.

“I was already a partner over there, but my partner just transferred his ownership into mine, “Theiler says.