- December 12, 2014
BUYER: Commerce Drive LLC (principal: Thomas Bohager), Port Charlotte
SELLER: Atlas FL I SPE LLC
PROPERTY: 771 Commerce Drive, building A, units 1-16, Venice
PRICE: $1.38 million
PREVIOUS PRICE: $2.2 million, August 2009
LAW FIRM ON DEED: Shumaker Loop & Kendrick LLP, Sarasota
PLANS, DESCRIPTION: An affiliate of Enzymedica Inc. purchased a 41,200-square-foot flex building for $1.38 million.
The price equated to $33 per square foot.
The tilt-wall building was already converted into 15 suites with warehouse space and a 6,400-square-foot office space.
John Gerlach of Colliers International Tampa Bay represented the seller, an affiliate of BB&T, and Jag Grewal of Ian Black Real Estate represented the buyer.
“The building really worked for them,” says Grewal. “They're going to be converting it into a manufacturing plant ... probably spending another $800,000. They didn't want to move too far, because they wanted to be able to retain their employees.”
Work on the regulatory approvals for the improvements was expected to be started soon.
The purchase entity Commerce Drive LLC mortgaged the property to Calusa National Bank for two loans totaling $880,748.
Enzymedica manufactures therapeutic enzyme supplements.