Yellowfin Yachts buys Florida warehouse - Trade Only Today

Yellowfin Yachts buys Florida warehouse

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Yellowfin Yachts LLC, a Sarasota, Fla., boatbuilding company managed by Wylie Nagler, purchased a 22,500-square-foot industrial warehouse in Bradenton out of foreclosure for $560,000.

The previous owner, Larry Rogers, paid $1.368 million in March 2007 and lost the building to foreclosure last year, according to the Sarasota Herald-Tribune.

In February, Yellowfin Yachts bought a 31,500-square-foot industrial warehouse in the same industrial park for $800,000 and financed the purchase with a $640,000 loan from BB&T.

Yellowfin, which builds a line of fishing boats, already owns a 19,500-square-foot industrial warehouse in the same industrial park that it bought for $1.489 million in July 2008, a 14,000-square-foot distribution warehouse in Bradenton that it bought for $200,000 12 years ago and a 52,500-square-foot warehouse in Manatee County that it bought in 2006.

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