Sarasota investors buy land, Mediterranea Professional Plaza

BUYER: SLS Holdings IV LLC (principals: Lita Sciturro-Smith and Sam Sciturro), Sarasota
SELLER: First America Bank
PROPERTY: 674 S. Tamiami Trail, Osprey
PRICE: $3.2 million
PREVIOUS PRICE: $3 million, July 2006
LAW FIRM ON DEED: Greene Hamrick Perrey, Bradenton

PLANS, DESCRIPTION: Sarasota real estate investors Sam Sciturro and Lita Sciturro-Smith purchased the 31,490-square-foot Mediterranea Professional Plaza for $3.2 million. The purchase included two 12,000-square-foot building pads.

The price equated to $102 per square foot. That figure is lower than the two-year average price per square foot for office space ($115) in the Tampa Bay area, according to the CoStar Group.