Sarasota's Yellowfin Yachts buys PPI warehouse

BUYER: Yellowfin Yachts LLC (principal: Wylie Nagler), Sarasota

SELLER: Atlas FL I SPE LLC

PROPERTY: 2059 E. 58th Ave. Circle, units 101-104, Bradenton

PRICE: $800,000

PREVIOUS PRICE: $2.24 million, March 2008

LAW FIRM ON DEED: Shumaker Loop & Kendrick LLP, Sarasota

PLANS, DESCRIPTION: Sarasota-based boat maker Yellowfin Yachts purchased a 31,500-square-foot former Premier Performance Interiors warehouse for $800,000. The price equated to $25 per square foot.

The boat maker plans to use the 3-year-old building as an addition to its existing six-building 19th Street East campus. Yellowfin Yachts also owns a building across from the recently purchased warehouse in Pines II Industrial Park.

The company plans to occupy the building in south Manatee County over the next month or so.