Medlock Investments buys former Honeywell building

BUYER: 1845 57th Street LLC (Medlock Investments LLC), Sarasota

SELLER: Honeywell International Inc.

PROPERTY: 1845 57th St., Sarasota

PRICE: $750,000

PREVIOUS PRICE: $166,700, April 1979

LAW FIRM ON DEED: Carlton Fields PA, Tampa

PLANS, DESCRIPTION: Medlock Investments LLC of Sarasota purchased a 47,149-square-foot former Honeywell manufacturing facility for $750,000.

The price equated to $16 per square foot.

The 40-year-old building features 35,000 square feet of manufacturing space and another 12,000 square feet of office space. The 4.39-acre property has 161 parking spaces. The building also features a fire sprinkler system, cafeteria and sitting area, six restrooms and two grade-level doors.

Honeywell International Inc. used the building to manufacturer sensors.

Calls to Medlock Investments were not returned prior to deadline.