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Bayrock Investment Co. LLC buys new State Road 64 Starbucks

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  • | 9:57 a.m. October 25, 2013
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  • Tampa Bay-Lakeland
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BUYER: Bayrock Investment Co. (Thomas Hammons and Nicole Hammons-Dovgopolyi), Charlotte
PROPERTY: 574 E. 66th St. Court, Bradenton

PRICE: $1.92 million
PREVIOUS PRICE: $525,000, March 2013
LAW FIRM ON DEED: Norton Hammersley Lopez & Skokos PA, Sarasota

PLANS, DESCRIPTION: Charlotte-based Bayrock Investment Co. LLC purchased a new 1,800-square-foot Starbucks coffee shop building for $1.92 million.

The price equated to $1,066 per square foot. That figure is higher than the two-year average price per square foot for retail space ($146) in the Tampa Bay area, according to the CoStar Group.

Developer HUPP Retail purchased a Shell station on a 0.79-acre parcel in March and demolished the gas station to develop the new coffee shop. Starbucks opened its store there in August. The coffee shop is the 11th Starbucks in Manatee County.

A representative for Bayrock Investment declined to comment on its purchase.

The buyer mortgaged the property to National Bank of Commerce for $1.44 million.


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