Budget Self Storage plans U.S. 41 development

BUYER: Sandrala Storage Associates LLC (managers: Richard Bennett and Jonathan Dorman), Sarasota
SELLER: Mario Comparetto LLC
PROPERTY: 4511 S. Tamiami Trail and 2015 Sandrala Drive, Sarasota
PRICE: $1.9 million
PREVIOUS PRICE: $150,000, January 1978 and $53,100, August 2014
LAW FIRM ON DEED: Shutts & Bowen LLP, Sarasota

PLANS, DESCRIPTION:
Sarasota-based Budget Self Storage purchased a 9,163-square-foot retail strip center and an adjacent 16,000-square-foot residential vacant lot for $1.9 million.

The buyer plans to demolish the 58-year-old retail center and use the combined 0.9 acres to develop a self-storage facility. With more than 73,000 square feet of climate-controlled storage space, the new facility will have 640 units and three stories.