Massachusetts investor buys Beach Unlimited building for $2 million

BUYER: PKM Property Holdings LLC (principal: F.D. Bagley), Charlestown, Mass.
SELLER: 1000 Highway 98 East Corp.
PROPERTY: 998 Sixth Ave. S., Naples
PRICE: $2 million
PREVIOUS PRICE: $1.05 million, September 2000
LAW FIRM ON DEED: Cohen, Norris, Wolmer, Ray, Telepman & Cohen, Attorneys at Law, North Palm Beach

PLANS, DESCRIPTION: An investment group led by F.D. Bagley of Charlestown, Mass., purchased the 4,048-square-foot retail building for $2 million.

The price equated to $494 per square foot. That figure is higher than the two-year average price per square foot for retail space ($140) in Southwest Florida, according to the CoStar Group.