Polk County: Wawa Florida sells store, land on U.S. Highway 98

BUYER: MAS Florida Property 1 LLC (manager: Michael Serluco), Jupiter
SELLER: Wawa Florida LLC
PROPERTY: 4320 U.S. Highway 98 N., Lakeland
PRICE: $5.37 million
PREVIOUS PRICE: $2 million, December 2011

BUYER: Guevara Properties LLC (manager: Hector Guevara-Garay), Dade City
SELLER: Wawa Florida LLC
PROPERTY: 4320 U.S. Highway 98 N., Lakeland
PRICE: $1.11 million
PREVIOUS PRICE: $2 million, December 2011

PLANS, DESCRIPTION:
A Florida affiliate of Chester Heights, Pa.-based Wawa Inc. has sold off the real estate behind the first Wawa convenience store in Polk County and an adjacent parcel of land.
MAS Florida Property 1 LLC, a Jupiter purchase entity led by Michael Serluco, bought the 5,000-square-foot Wawa location on 2.71 acres at the southwest corner of U.S. Highway 98 and Williamstown Boulevard for $5.37 million.

The price equated to $1,074 per square foot. That figure is higher than the two-year average price per square foot for retail space ($129) in the Tampa Bay area, according to the CoStar Group.