Golden Key Properties buys Port Charlotte's Grand Oaks Plaza

BUYER: Golden Key Properties LLC (principal: Andreas Kirchberger), Port Charlotte
SELLER: RL BB ACQ I-FL Goaks LLC
PROPERTY: 992 Tamiami Trail, buildings 1-3 and units 201-203 and 301-304, Port Charlotte
PRICE: $3 million
LAW FIRM ON DEED: Law Offices of Dean Hanewinkel PA, Englewood

PLANS, DESCRIPTION: Andreas Kirchberger's investment group Golden Key Properties LLC purchased the 45,821-square-foot Grand Oaks Plaza for $3 million.

The price equated to $65 per square foot. That figure is lower than the two-year average price per square foot for retail space ($140) in Southwest Florida, according to the CoStar Group.