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BUYER: NH Industrial Inc. (principals: William Lyons and J. Kimpton and Anne Honey), Englewood
SELLER: Donald and Margaret Nelson
PROPERTY: half of 28090 Imperial Parkway, Bonita Springs
PRICE: $895,000
SELLER: Emily Abeledo-Adams and Ami Vaughan, individually and co-personal representative of the Estate of Enrique Abeledo
PROPERTY: half of 28090 Imperial Parkway, Bonita Springs
PRICE: $895,000
PREVIOUS PRICE: $625,000, August 2003
LAW FIRM ON DEED: Baskin Fleece, Attorneys at Law, Clearwater
PLANS, DESCRIPTION: An Englewood-based investment group purchased a 6,196-square-foot retail building for $1.79 million. The price equated to $289 per square foot.
The building has housed a Tire Kingdom franchise operated by TK Bonita LLC since 2003.
“We bought it because we own another Tire Kingdom [building] in North Carolina,” says William Lyons, managing member of the group. “We were a landlord for that as well. They're a great business.”
The change in ownership will have no affect on the Tire Kingdom, which is responsible for upkeep and maintenance of the building through a triple net lease.
The purchase entity NH Industrial Inc. mortgaged the property to Standard Insurance Co. for $1.1 million.
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