Elite Heating & Air buys Ambient Air building

BUYER: Elite Holdings of Manatee LLC (principal: Todd Thompson), Sarasota

SELLER: U.S. Bank NA as trustee of the Lehman Brothers Small Balance Commercial Mortgage Pass-Through Certificates 2006-2

PROPERTY: 2114 E. 58th Ave., Bradenton

PRICE: $340,000

PREVIOUS PRICE: $410,000, December 2004

LAW FIRM ON DEED: David D. Bone Attorney, Sarasota

PLANS, DESCRIPTION: Elite Holdings of Manatee LLC purchased the 7,000-square-foot former Ambient Air flex building for $340,000.

The price equated to $49 per square foot of building space. The 3,000-square-foot-office building was built in 2006 and occupies a half-acre.

Elite Heating & Air Inc. and its sister company, Elite Custom Plumbing, plan to make the building its corporate headquarters. Todd Thompson runs the companies, which have 15 employees.

“It was a larger facility and I thought it was a good price at the time,” Thompson says. “It will give us additional warehousing space.”

Carl Wise of Preferred Commercial Inc. handled the transaction.