- December 9, 2024
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BUYER: 7978 Associates I LLC (principal: David Baldauf), University Park
SELLER: Crown Liquors of Broward Inc.
PROPERTY: 6307 S. Tamiami Trail, Sarasota
PRICE: $1.37 million
PREVIOUS PRICE: $150,000, February 1974
LAW FIRM ON DEED: Rosenthal Rosenthal Rasco Kaplan LLC, Aventura
PLANS, DESCRIPTION: University Park-based commercial real estate giant Benderson Development Co. LLC purchased the former Sound Advice and Tweeter building for $1.37 million.
The price equated to $103 per square foot. That figure is lower than the two-year average price per square foot for retail space ($146) in the Tampa Bay area, according to the CoStar Group.
Built in 1974, the 13,356-square-foot building occupies a 1.33-acre parcel at the southeast corner of U.S. 41 and Joan Drive. The retail building was vacant at the time of the sale.
Rick Seyer of Oakmont Capital Resources represented the seller.