Please ensure Javascript is enabled for purposes of website accessibility

Massachusetts investor buys Venice Car Wash


  • By
  • | 10:00 a.m. July 18, 2014
  • | 2 Free Articles Remaining!
  • Manatee-Sarasota
  • Share

BUYER: NNES Ventures 2 LLC (manager: Arlene Leakeas), Dracut, Mass.
SELLER: Venice Car Wash Sarasota County LLC
PROPERTY: 1859 S. Tamiami Trail, Venice
PRICE: $1.2 million
PREVIOUS PRICE: $499,100, April 2011
LAW FIRM ON DEED: Berlin Patten PLLC, Sarasota

PLANS, DESCRIPTION:
Arlene Leakeas of Dracut, Mass. purchased the Venice Car Wash for $1.2 million.

The price equated to $407 per square foot. That figure is higher than the two-year average price per square foot for retail space ($144) in the Tampa Bay area, according to the CoStar Group.

The 2,948-square-foot car wash was built in 2004. It occupies a 0.78-acre site on U.S. 41.

The purchase entity, NNES Ventures 2 LLC, mortgaged the property to Gateway Bank of Southwest Florida for $600,000.

 

Latest News

×

Special Offer: Only $1 Per Week For 1 Year!

Your free article limit has been reached this month.
Subscribe now for unlimited digital access to our award-winning business news.
Join thousands of executives who rely on us for insights spanning Tampa Bay to Naples.