Sarasota investor pays cash for Bradenton Cardiology building

BUYER: DBM Manatee LLC (principal: David Morgan), Sarasota
SELLER: Thomas-Montalvo-Pizzo-Troyer Partnership
PROPERTY: 316 W. Manatee Ave., Bradenton
PRICE: $5.34 million
PREVIOUS PRICE: $220,000, June 1997
LAW FIRM ON DEED: Blalock Walters PA, Bradenton

PLANS, DESCRIPTION:
Sarasota real estate investor David Morgan purchased the 24,000-square-foot Bradenton Cardiology Center property for $5.34 million.

The price equated to $223 per square foot. That figure is more than the two-year average price per square foot for office space ($104) in the Tampa Bay area, according to the CoStar Group.