New Tech Construction buys former Florikan warehouse building

BUYER: Big T Properties LLC (principals: Shawn Sims and Matthew Snyder), Nokomis
SELLER: Bher Family Limited Partnership
PROPERTY: 1579 Barber Road, Sarasota
PRICE: $1.85 million
PREVIOUS PRICE: $1.7 million, June 2002
LAW FIRM ON DEED: Caswell Legal, Sarasota

PLANS, DESCRIPTION:
Venice-based New Tech Construction purchased a 33,827-square-foot manufacturing warehouse for $1.85 million.

The price equated to $55 per square foot. That figure is lower than the two-year average price per square foot for industrial space ($104) in the Tampa Bay area, according to the CoStar Group.