Please ensure Javascript is enabled for purposes of website accessibility

Natural Stone Concepts buys Enterprise Avenue building

  • By
  • | 8:57 p.m. June 4, 2010
  • Commercial Real Estate
  • Share

BUYER: Mangell Enterprises LLC (principals: Carl Magilewski and Edward Angell), Naples

SELLER: Pury Fernandez as trustee of the Pury A. Fernandez Recoverable Trust

PROPERTY: 3906 Enterprise Ave., Naples

PRICE: $800,000

PREVIOUS PRICE: $425,000, January 1982

TITLE FIRM ON DEED: South Coast Title, Coral Gables

PLANS, DESCRIPTION: The owner of Natural Stone Concepts purchased an 11,242-square-foot industrial building for $800,000.

The price equated to $71 per square foot.

The building, on Enterprise Avenue just west of Industrial Boulevard, is on 1.5-acres. Natural Stone Concepts plans to relocate to the building from its existing location at 1025 Power St. The company fabricates and installs granite, marble and engineered stone countertops and natural stone tile flooring.

William Gonnering of Investment Properties Corp. handled the transaction. “The building was in good condition in an excellent location,” Gonnering says.

The purchase entity Mangell Enterprises LLC mortgaged the property to the former owner Pury A. Fernandez for $780,000.



Special Offer: $5 for 2 Months!

Your free article limit has been reached this month.
Subscribe now for unlimited digital access to our award-winning business news.
Join thousands of executives who rely on us for insights spanning Tampa Bay to Naples.