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BUYER: Eastern Harbor LLC (principal: San Fu Lee), Lutz
SELLER: John Roberts
PROPERTY: 4615 and 4607 N. Lois Ave., Tampa
PRICE: $1.5 million
PREVIOUS PRICE: $300,000, June 2000 and $95,000, April 1992
LAW FIRM ON DEED: John P. Martin PA, Clearwater
PLANS, DESCRIPTION: Tampa-area businessman Sun Fu Lee purchased the 14,000-square-foot former Bayside Auto Centers building and a 13,133-square-foot industrial building next door.
The $1.5 million price equated to $55 per square foot.
Lee plans to use the 13,133-square-foot building as warehouse space for his three businesses: Tampa Fishing Outfitters, net manufacturer Just for Net and Lee Fisher International, a commercial fishing supply company. He is considering leasing out the second building.
“I used to have some property half an hour away but it was very difficult to manage people who were that far away,” Lee says. “This is just two minutes away. Now I can sneak by any time.”
The three businesses are also growing. Lee reports that together his businesses grew 12% last year. The purchase entity Eastern Harbor LLC mortgaged the property to J&J Roberts Family Limited Partnership for $1.3 million.<
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