Gulfport investor buys freestanding Sprint Store

BUYER: Vistas Equity Group LLC (principal: Vinod Khilnani), Gulfport
SELLER: James Alexander, individually and as trustee
PROPERTY: 3432 W. Kennedy Blvd., Tampa
PRICE: $1.25 million
PREVIOUS PRICE: $68,900, August 1997
TITLE FIRM ON DEED: First American Title Insurance Co., Winter Park

PLANS, DESCRIPTION:
Investor Vinod Khilnani of Gulfport purchased a 3,852-square-foot freestanding retail store for $1.25 million.

The price equated to $325 per square foot. That figure is higher than the two-year average price per square foot for retail space ($146) in the Tampa Bay area, according to the CoStar Group.