East Property Management buys North Naples Storage

BUYER: East Storesmart Naples Two LLC (principals: Kim Pegula, Adam Gusky and John Sieminski), Boca Raton
SELLER: Old 41 Industrial LLC
PROPERTY: 14970 and 14980 U.S. Old 41, Naples
PRICE: $3.64 million
PREVIOUS PRICE: $3.8 million, June 2006 and $2.1 million, March 2007

SELLER: North Naples Storage Inc.
PROPERTY: 15600 Old U.S. 41, Naples
PRICE: $2.54 million
PREVIOUS PRICE: $800,500, August 1997
LAW FIRM ON DEED: Vogel Law Office PA, Naples

PLANS, DESCRIPTION:
East Property Management purchased the 83,100-square-foot North Naples Storage and an associated parking lot for a total of $6.18 million.