BUYER: Wini Holdings LLLP (principal: William Boris Petron), Oshawa, Ontario
SELLER: MacPhail Family Holdings LLC
PROPERTY: 1451 Global Court, Sarasota
PRICE: $1.7 million
PREVIOUS PRICE: $305,000, May 2003
LAW FIRM ON DEED: Williams Parker Harrison Dietz & Getzen, Sarasota
A company led by William Boris Petron, owner of Ontario-based Magnus Logistics Solutions Inc., purchased a 31,034-square-foot office and warehouse building for 1.7 million.
The price equated to $55 per square foot. That figure is higher than the two-year average price per square foot for flex space ($46) in the Tampa Bay area, according to the CoStar Group.
Built in 2004, the facility features 6,544 square feet of office and showroom space with conference rooms, a kitchen and break rooms. The warehouse space covers 19,608 square feet. The sale also
included a 5-ton crane in the warehouse. The 2.44-acre industrial property is also fenced in and includes 3,920 square feet of covered outdoor workspace.
Brian Seidel of American Property Group of Sarasota Inc. handled the transaction.
“Being that they were in the marble and granite business, the office is above and beyond [in terms of finishes],” Seidel says. “It is also fully furnished at this point. The seller built it be the hub of their business. But with the housing market shifting they no longer needed a building of that size.”
The buyer is described as an investor and Seidel is marketing the building for lease. The asking rate is $8 triple net.