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Growers Fertilizer Corp. buys U.S. 98 warehouses


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  • | 9:31 p.m. April 15, 2011
  • Commercial Real Estate
  • I-4 Corridor
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BUYER: Growers Fertilizer Corp. (principals: John Strang, Robert Barben, Jere Stambaugh, Steve Sorrells, Harvey Snively and Brent Sutton), Lake Alfred


SELLER: Thomas and Patty Schrader


PROPERTY: 9921 Old Lakeland Highway, Dade City


PRICE: $995,000


PREVIOUS PRICE: $300,000, May 2000


LAW FIRM ON DEED: Larry S. Hersch Esq. PA, Dade City


PLANS, DESCRIPTION: Lake Alfred-based Growers Fertilizer Corp. purchased two warehouse buildings between Old Lakeland Highway and U.S. 98 for $995,000.


The price equated to $38 per square foot.


The 10.17-acre site features a 14,400-square-foot building and a 12,000-square-foot building.


The two buildings are replacing several smaller warehouses the company previously leased in Dade City.


“We were leasing about 10,000 square feet,” says Brent Sutton, company president. “ We had outgrown our space in those buildings. This [property] is much larger, and it's also much convenient. The other buildings were spread out.”


The company has already occupied one of the buildings and plans to lease out space in the second building.


The company sells fertilizers pesticides and herbicides.

 

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