Inspiration Academy owner buys, occupying former Bradenton Prep

BUYER: Clairebear Properties LLC (principals: Jason and Claire Speir), Bradenton
SELLER: GTE Federal Credit Union
PROPERTY: 7900 40th Ave. W., Bradenton
PRICE: $3.6 million
PREVIOUS PRICE: $650,000, May 1999
LAW FIRM ON DEED: Smolker Bartlett Schlosser Loeb & Hinds PA, Tampa

PLANS, DESCRIPTION: Jason and Claire Speir purchased the 42,887-square-foot former Bradenton Prep Academy private school property for $3.6 million.

The price equated to $84 per square foot.

The 13-year-old facility features a main building, 30 classrooms, a basketball court, two science labs, 10 tennis courts and an outdoor playground. The seller, GTE Federal Credit Union, foreclosed on the 11-acre property in mid-2010.

Earlier this year, the Speirs opened an independent Christian preparatory high school called Inspiration Academy on the property. Jason Speir was unavailable for comment prior to deadline.

Purchase entity Clairebear Properties LLC mortgaged the property to GTE Federal Credit Union for $2.88 million.