Maraba LLC, a Sarasota company managed by Jim Abrams, purchased a 12,768-square-foot office building located at 1945 Versailles Street in Sarasota from Rita Grissom, Trustee for $1.1 Million. Maraba intends to remodel and upgrade the building to accommodate their second physical therapy operation in Sarasota called Fyzical.
Fyzical’s model is focused on each client’s individual needs through body mapping technology and specifically trained therapists. They offer a unique atmosphere for physical rehabilitation and conditioning centered around aquatic therapy. The Fyzical concept is a franchise model with plans to expand. Abrams and his partners are the same group who founded and sold Clockwork Homes services in November 2011.
Dennis Dahm with Michael Saunders Real Estate represented the Seller while Mike Migone, CCIM with SVN Commercial Advisory Group represented the Buyer. In December, Maraba sold 10 office condo units totaling 23,734 square feet to Twin Distribution LLC for $1.3 million. The company bought the units at 8290 Consumer Court in Sarasota out of foreclosure from Stearns Bank for $697,700 in October 2011.