William Warren Group buys, rebranding Lock Tite Self Storage

BUYER: 4625 Clark SP LLC (principals: Clark Porter and Timothy and William Hobin), Santa Monica, Calif.
SELLER: Olde Sarasota Associates LLC
PROPERTY: 4625 Clark Road, Sarasota
PRICE: $7.5 million
PREVIOUS PRICE: $1.05 million, April 2002
LAW FIRM ON DEED: Williams Parker Harrison Dietz & Getzen, Sarasota

PLANS, DESCRIPTION: The William Warren Group purchased the 79,355-square-foot real estate of Lock Tite Self Storage for $7.5 million.

The price equated to $95 per square foot. That figure is higher than the two-year average price per square foot for industrial space ($46) in the Tampa Bay area, according to the CoStar Group.