Miami investors buy retail buildings for $2.9M

BUYER: (principals: Lisa and Gary Koppe), Miami

SELLER: Rodney Dessberg

PROPERTY: 4104 S. Tamiami Trail, Sarasota

PRICE: $2.9 million

PREVIOUS PRICE: $942,900, January 2000

LAW FIRM ON DEED: Kirk Pinkerton PA, Sarasota

PLANS, DESCRIPTION: Gary and Lisa Koppe of Miami purchased an 8,181-square-foot retail building for $2.9 million.

The price equated to $354 per square foot.

Built in 1979 and renovated in 1990, the building houses The Vitamin Shoppe and Mattress Firm. The Vitamin Shoppe Inc. has agreed to a lease through July 2017 with several renewal options. Mattress Firm has three years remaining on its lease.

The purchase entities Gary Apts Inc., Reko Apts Inc., Santillane Apts. Inc. and Marko Terrace Apts Inc. mortgaged the property to Biscayne Bank for $1.4 million.