Dr. Gary buys $1.15M building

SARASOTA — Dr. Gary Kompothecras, namesake founder of the 1-800-ASK-GARY medical/lawyer referral service and president of the accident clinics chain 1st Health Inc., purchased the 14,940-square-foot Enterprise Building on State Street for $1.15 million.

The purchase price equated to $77 per square foot or $98 per leasable square foot. However, Kompothecras agreed to pay the building's past-due taxes, all commissions and all closing costs, which added roughly another $160,000.

Less than 3,000 square feet of the three-story building's 11,700 square feet of leasable space was occupied at the time of the sale. Former tenants of the downtown Sarasota building, on 1517 State St., include the Observer Media Group, publishers of the Business Review.