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BUYER: Port Partner LLC (principals: The Sasson Kassab Living Trust and Shraga Grad), Aventura
SELLER: US Acquisition Property V LLC
PROPERTY: 19240 Quesada Ave., Port Charlotte
PRICE: $1.1 million
PREVIOUS PRICE: $1.27 million, June 2010
LAW FIRM ON DEED: Paul Feldman PA, Aventura
PLANS, DESCRIPTION: The Sasson Kassab Living Trust and Shraga Grad of Aventura purchased the 6,666-square-foot Panther Hollow Dental Lodge for $1.1 million.
The price equated to $165 per square foot.
The dental practice has nine years left on its building lease. The triple-net lease requires Panther Hollow Dental Lodge to maintain the 6-year-old building and pay all taxes and insurance costs associated with the property.
The purchase price represents a capitalization (payoff) ratio of more than 10% based on income.
John Mounce of LandQwest Commercial represented the seller and Land Rich Real Estate Inc. represented the buyer.
Mounce says the buyers were private investors who like to invest in medical space.
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