BUYER: Yoffie LLC (principal: Ronni Tudin), Sarasota
SELLER: Venti Holdings LLC
PROPERTY: 5825 Derek Ave., Sarasota
PRICE: $1.67 million
PREVIOUS PRICE: $899,000, November 2013
LAW FIRM ON DEED: Kirk Pinkerton PA, Sarasota
A company led by Sarasota veterinarian Dr. Ronni Tudin purchased a 2,712-square-foot Starbucks building for $1.67 million.
The price equated to $616 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.
Clint Conway, a senior investment adviser with Sperry Van Ness Commercial Advisory Group, purchased the former KFC building in November and completely refurbished the store for the Seattle coffee giant. The new Starbucks location opened Feb. 7.
Tudin had not returned a request for comment prior to deadline.
The purchase entity, Yoffie LLC, mortgaged the property to Insignia Bank for $1 million.
Ian Black and Steve Horn of Ian Black Real Estate handled the transaction.