K&K Steel Pipe Wholesalers buys Plant City buildings

K&K Steel Pipe Wholesalers buys Plant City buildings

BUYER: K&K Steel Pipe Wholesalers Inc. (principal: Bhisham Kapoor), Tampa

SELLER: Thomas D. Hays III, as assignee for the benefit of creditors of GAE Plant City LLC

PROPERTY: 1650 Alumax Circle and 1904 Commerce St., Plant City

PRICE: $1.95 million

PREVIOUS PRICE: $7.05 million, September 2007

LAW FIRM ON DEED: Kass Shuler Solomon Spector Foyle & Singer PA, Tampa

PLANS, DESCRIPTION: K&K Steel Pipe Wholesalers Inc. purchased two warehouse buildings at the northwest corner of Sydney Road and Commerce Drive in Plant City from the creditors of Golden Aluminum Extrusions for $1.95 million.

The purchase included a 47,867-square-foot prefabricated metal warehouse on three acres at the corner and a 288,951-square-foot warehouse north of it on 26 acres. K&K Steel Pipe Wholesalers plans to relocate to the larger warehouse building in February from a much smaller building it owns at 8020 E Broadway Ave., Tampa.

“It's about six times bigger,” says Roy Copeland, manager of K&K Steel Pipe Wholesalers. “We're looking to get more of our pipes indoors. We're not sure yet what we will do with the other one until we move. We'll probably sell it, but we won't know until we get it empty. ”