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Investor Ritchie buys Bonita Springs warehouse

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  • | 1:11 p.m. May 7, 2010
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  • Commercial Real Estate
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BUYER: 25340 Bernwood LLC (principal: Alan Ritchie), Bonita Springs

SELLER: H&JS Holding Co.

PROPERTY: 25340 Bernwood Drive, Bonita Springs

PRICE: $1.01 million

PREVIOUS PRICE: $291,400, August 2002

LAW FIRM ON DEED: Kraus & Ballenger PA, Naples

PLANS, DESCRIPTION: Bonita Springs investor Alan Ritchie purchased an 8,370-square-foot warehouse for $1.01 million.

The price equated to $121 per square foot. The building is on Bernwood Drive, near Old 41 Road.

Allen Richardson, the president/broker of Associates Real Estate Services Inc., handled the transaction. Ritchie bought the building through 25340 Bernwood LLC.

The warehouse will be a storage location for Ritchie's boats, cars, antiques and collectables. The property wasn't distressed, says Richardson.

Built in 2004, the gated single-story warehouse occupies 1.06 acres.


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