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St. Petersburg investor buys Bradenton building

  • By Business Observer Staff
  • | 8:20 p.m. November 12, 2010
  • Tampa Bay-Lakeland
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BUYER: Fountains Office Center LLC (principal: Robert Bridge), St. Petersburg


SELLER: CAC Property Investments LLC (25% interest), NSC Properties LLC (25%), Bri-Lane Properties (50%)


PROPERTY: 4910 W. 14th St., Bradenton


PRICE: $775,000


PREVIOUS PRICE: $975,000, August 2003


LAW FIRM ON DEED: Dunlap & Moran PA, Sarasota


PLANS, DESCRIPTION: Robert Bridge of St. Petersburg purchased the 15,600-square-foot Fountains Office Center for $775,000.


The price equated to $50 per square foot.


The three-story commercial building, originally built in 1973, was renovated in 2005. The property was sold as an investment, according to the Sarasota Multiple Listing Service. Bridge couldn't be reached for comment.


The purchase entity Fountains Office Center LLC mortgaged the property to Insignia Bank for $581,250.

 

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