Land investors/developers buy Vector Ave. building

BUYER: NYFL Commercial Holdings 5 LLC (managers: Anastios Vasilakos and Joanne Patras-Venetis), Fort Myers
SELLER: Twelve Thousand LLC
PROPERTY: 13831 Vector Ave., Fort Myers
PRICE: $1.2 million
PREVIOUS PRICE: $637,500, September 2003
TITLE FIRM ON DEED: Title Guaranty Agency Inc., Fort Myers

PLANS, DESCRIPTION:
A company led by Joanne Patras-Venetis of Bonita Springs and Anastios Vasilakos of Brooklyn, N.Y., purchased a 12,049-square-foot freestanding office building for $1.2 million.

The price equated to $99 per square foot. That figure is less than the two-year average price per square foot for office space ($131) in Southwest Florida, according to the CoStar Group.