Industrial building sells for $43 per square foot

By Michael Braga , Herald-Tribune
/ Monday, February 18, 2013

Hugh S. Spruill sold a 5,600-square-foot industrial building at 4410 Independence Court in Sarasota’s Northgate Industrial Subdivision to NWI Corp. for $240,000, or $43 per square foot.

Spruill paid $260,000 for the building in June 1999.

NWI, a Sarasota company managed by Filipe Avilez, financed the purchase with a $103,000 loan from Regions Bank.

Jeff Button, an agent with Richardson Kleiber Walter Kleiber Button Inc, helped put the deal together.