Doctors Nanavati, Moorthy buy Sandalwood Square

BUYER: 4760 Tamiami Trail LLC
(principals: Shardul Nanavati and Prathima Moorthy), Naples
SELLER: Swansong 4760 LLC
PROPERTY: 4760 Tamiami Trail N., Naples
PRICE: $2.74 million
PREVIOUS PRICE: $868,000, November 2007
LAW FIRM ON DEED: F. Andrews Taintor PA, Naples

PLANS, DESCRIPTION:
Dr. Shardul Nanavati and Dr. Prathima Moorthy, the doctors behind the Advanced Gastroenterology of Naples PA and Pain Management Center of Naples PA, purchased the 19,668-square-foot Sandalwood Square office building for $2.74 million.

The price equated to $139 per square foot. That figure is slightly higher than the two-year average price per square foot for office space ($131) in the Southwest Florida, according to the CoStar Group.