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Delray Beach company buys Golden Corral building


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  • | 6:20 p.m. September 10, 2010
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  • Commercial Real Estate
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BUYER: MarcVan Restaurants Inc. (principals: Marc and Vanessa Verderame), Delray Beach


SELLER: BIL Realty LLC and H&M Realty Associates LLC


PROPERTY: 5525 W. Cortez Road, Bradenton


PRICE: $2.55 million


PREVIOUS PRICE: $3.2 million, January 2007


TITLE FIRM ON DEED: Florida TitleWorks Inc., Plantation


PLANS, DESCRIPTION: Delray Beach-based MarcVan Restaurants purchased the 9,763-square-foot Golden Corral restaurant for $2.55 million, equating to $261 per square foot.


The 11-year-old building occupies a 2.04-acre corner lot next to a Walmart Supercenter in west Bradenton.


Marc and Vanessa Verderame of Delray Beach own MarcVan Restaurants and also run Verderame Construction. The Verderames declined to comment on the purchase.


MarcVan Restaurants mortgaged the building for $1.85 million to the former owners, BIL Realty LLC and H&M Realty Associates LLC.

 

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