Youssef investors buy Westshore's Transworld building for $3.05 million

BUYER: Issytimmy5 LLC (principals: Yvonne and Tamer Youssef), Tampa
SELLER: Transworld Diversified Services Inc.
PROPERTY: 4115 W. Spruce St., Tampa
PRICE: $3.05 million
PREVIOUS PRICE: $850,000, March 1998
LAW FIRM ON DEED: Gardner Brewer Martinez Monfort PA, Tampa

PLANS, DESCRIPTION: Real estate investor Tamer Youssef and his wife, Yvonne Youssef, chief financial officer of River Crossing Labs, purchased the 31,310-square-foot Transworld Building for $3.05 million.

The price equated to $97 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.