Wigglebutt Inn owner buys Pine Ridge retail building

BUYER: Lunar Peak Properties LLC (principal: Karen Paul), Naples

SELLER: John Farrell LLC

PROPERTY: 2021 Pine Ridge Road, Naples

PRICE: $900,000

PREVIOUS PRICE: $1.05 million, July 2000

LAW FIRM ON DEED: Fredrikson & Byron PA, Minneapolis

PLANS, DESCRIPTION: Karen Paul purchased the 10,0000-square-foot former Haskell's Wine & Liquor building for $900,000.

The price equated to $90 per square foot.

Paul plans to use the freestanding building to expand her cageless dog daycare and boarding business, The Wigglebutt Inn. The Naples business will also continue to operate from its existing facility at 5400 Jaeger Road.

“We needed more space so we decided to buy it and built it out,” Paul says. “We hope to be opening there in early 2012.

She says business has been booming for the less than 2-year-old company, and she plans to hire more people in the fall.

Paul's purchase entity Lunar Peak Properties LLC mortgaged the property to the former owner, John Farrell LLC, for $800,000.