Massachusetts investor buys Venice Car Wash

BUYER: NNES Ventures 2 LLC (manager: Arlene Leakeas), Dracut, Mass.
SELLER: Venice Car Wash Sarasota County LLC
PROPERTY: 1859 S. Tamiami Trail, Venice
PRICE: $1.2 million
PREVIOUS PRICE: $499,100, April 2011
LAW FIRM ON DEED: Berlin Patten PLLC, Sarasota

PLANS, DESCRIPTION:
Arlene Leakeas of Dracut, Mass. purchased the Venice Car Wash for $1.2 million.

The price equated to $407 per square foot. That figure is higher than the two-year average price per square foot for retail space ($144) in the Tampa Bay area, according to the CoStar Group.

The 2,948-square-foot car wash was built in 2004. It occupies a 0.78-acre site on U.S. 41.

The purchase entity, NNES Ventures 2 LLC, mortgaged the property to Gateway Bank of Southwest Florida for $600,000.