Orange Avenue building sells for $1.9 million

BUYER: Pearl SRQ LLC (manager: Eric Collin), Sarasota
SELLER: Cyril and Dominique Israileff
PROPERTY: 205 N. Orange Ave. and 1558 Fruitville Road, Sarasota
PRICE: $1.85 million
PREVIOUS PRICE: $900,000, January 1999
LAW FIRM ON DEED: Gibson Kohl Wolff & Hric PL, Osprey

PLANS, DESCRIPTION:
A company led by Sarasota businessman Eric Collin purchased an 11,452-square-foot office building on Orange Avenue and a vacant lot on Fruitville Road for $1.85 million.

The price equated to $162 per square foot of office space. That figure is higher than the two-year average price per square foot for office space ($119) in the Tampa Bay area, according to the CoStar Group.