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BUYER: Sammana Properties LLC (principals: Melbourne Yull), Sarasota
SELLER: Insignia Bank
PROPERTY: 1035 N. Lime Ave., Sarasota
PRICE: $742,000
PREVIOUS PRICE: $200,000, May 1997
TITLE FIRM ON DEED: MSC Title Inc.
PLANS, DESCRIPTION: A limited liability company owned by Melbourne Yull, founder of Intertape Polymer Group, purchased the 17,500-square-foot former Nilsen Glass & Mirror Co. building for $742,000.
The price equated to $42 per square foot.
The industrial building features a 1,128-square-foot showroom, about 10,000 square feet of warehouse space and a large fenced 1.14-acre lot.
The building will serve as the new home of Affinity Kitchen & Bath LLC, a Sarasota solid-surface and stone fabricator and countertop, cabinet and closet products company.
“We started in 2001 as a solid products company,” says Tiffany Farrell, vice president of Affinity Kitchen & Bath. “In 2004 we started using granite and in 2006 we stared building cabinets. So we have really expanded our services to our client. Now we can design, fabricate and install entire kitchens and baths.”
The company needed more display space for building materials and new automated equipment, as well as additional parking and space for new employees as the company continues to grow, she says.
Bob and Roberta Kolton of Michael Saunders & Co. Commercial represented the seller and Lee DeLieto Sr. of Michael Saunders & Co. represented the buyer.
“This a vivid example for buyer/users in today's [real estate] marketplace,” DeLieto says. “This is in a very established industrial area.”
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