Bee Ridge strip center sells to investor for $1.05M

BUYER: Sarasota Plaza LLC (manager: James Elmore), Bradenton
SELLER: Sharon Winkler as trustee under The Sharon F. Winkler Revocable Trust Agreement and Richard Georgiades as trustee and Charles D'Amico, individually and as trustee
PROPERTY: 2241 Bee Ridge Road, Sarasota
PRICE: $1.05 million
PREVIOUS PRICE: $325,000, March 1981
LAW FIRM ON DEED: Edward R. Rumin Attorney at Law, Fort Lauderdale

PLANS, DESCRIPTION:
James Elmore of Bradenton purchased a 10,440-square-foot unnamed strip center for $1.05 million.

The price equated to $101 per square foot. That figure is less than the two-year average price per square foot for retail space ($129) in the Tampa Bay area, according to the CoStar Group.