Israeli investor pays $27 million for Sarasota industrial property

An Israeli real estate investment firm has bought the nearly 187,000-square-foot Sarasota Industrial Business Center in Sarasota.

Buligo Capital, based in Tel Aviv, paid $27.4 million for the property on Industrial Boulevard just off U.S. 301 and about 2 miles east of Sarasota-Bradenton International Airport.

The property, according to Ian Black Real Estate, includes five industrial parcels totaling over 186,650 square feet of shallow-bay industrial space, as well as 1.12 acres of industrial outdoor storage and laydown yard.