Arizona investment group buys New Port Richey Starbucks

BUYER: Roddimeyer III LLC (principals: 3-B & 3-B Corp., Andrew Roddick and Phillip Meyers), Paradise Valley, Ariz.
SELLER: Little Road Cafe LLC
PROPERTY: 5220 Little Road, New Port Richey
PRICE: $2.07 million
PREVIOUS PRICE: $1.81 million, August 2010
TITLE FIRM ON DEED: Skyline Title Agency LLC, Miami

PLANS, DESCRIPTION: The Paradise Valley, Ariz. investment company Roddimeyer III LLC purchased a freestanding Starbucks building for $2.07 million.

The price equated to $1,180 per square foot. That figure is higher than the two-year average price per square foot for retail space ($146) in the Tampa Bay area, according to the CoStar Group.