Tom Cook: Office building on Summa sold

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Allied Health Care sold a 3,200-square-foot building on Summa Avenue to Sawgrass Holdings for $450,000. According to Walt Ketchings and Ben Graham with NAI/Latter & Blum, who brokered the transaction, the sale price not only reflects the purchase of the property, but an adjoining 12,000-square-foot lot that has enough space for an additional building. The price per square foot calculates to $140 for the building only. Ketchings says the sale allows the new owner to relocate and expand in the future.

(Appraiser Tom Cook owns Cook Moore and Associates. Reach him at 293-7006 or TCook@cookmoore.com.)

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