Real Estate investors buy Kings Highway flex buildings

BUYER: Kings Industrial Park LLC (principals: Anthony Dubbaneh, Michael Landsberg and Kristen Depaola), Punta Gorda
SELLER: Stephen and Julie Schenk
PROPERTY: 4186 Kings Highway, Punta Gorda
PRICE: $960,000
PREVIOUS PRICE: $1.45 million, June 2005

PLANS, DESCRIPTION: An investor group led by Anthony Dubbaneh, Michael Landsberg and Kristen Depaola purchased the 35,050-square-foot former A1 Cabinets complex for $960,000.

The price equated to $27 per square foot. That figure is lower than the two-year average price per square foot for industrial space ($50) in the Southwest Florida area, according to the CoStar Group.