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BUYER: Tampa Electric Co. (principals: J.B. Ramil, G.L. Gillette, D.E. Schwartz, S.W. Hudson and C.A. Attal), Tampa
SELLER: Susan Sheppard
PROPERTY: 8400 Palm River Road, Tampa
PRICE: $1.19 million
PREVIOUS PRICE: $175,000, February 1983
TITLE FIRM ON DEED: Chicago Title Insurance Co., Tampa
PLANS, DESCRIPTION: Tampa Electric Co. purchased 13.59 acres on Palm River Road bordering the Crosstown Expressway for $1.19 million.
The price equated to $87,196 per acre.
The land, which is zoned for open storage, houses a 1,883-square-foot manufactured home. It was previously used as a semi-trailer storage yard.
Cherie Jacobs, a spokeswoman for Tampa Electric, says the utility company purchased the property because it borders the business's 60-acre Eastern Operations Center on two sides.
“We bought it for potential future use,” she says.
Tampa Electric, the principal subsidiary of TECO Energy Inc., provides electrical service to nearly 676,000 customers in West Central Florida.
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