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Peter and Lenora Wannier, owners of Flintridge Bookstore & Coffeehouse in La Cañada Flintridge, Calif., have put up for sale the 6,340-square-foot building in which their bookstore resides, the La Cañada Valley Sun reported.
The Wanniers are seeking $5.35 million for the building, which went up in 2010 and opened in February 2011. Despite their intent to sell, and the listing stating the building's current tenant "will need time to vacate the property after the close of escrow," Peter Wannier told the Valley Sun that he and his wife have no immediate plans to close the bookstore.
"My interest is in running a bookstore, not owning a building," Wannier explained. "Even if we sold the building we would lease it back. If we don't get a reasonable offer we're not going to sell it."
Wannier added that he and his wife have been approached by a few interested parties, but they don't plan on taking any "concrete action" this year. At the same time, Wannier did not say how long he would remain on the property as a lessee. The Wanniers have owned the land since 2006. They opened the bookstore in 2007, in a storefront just down the street from where it is now. From 2006 until 2010 the only thing on the lot was a derelict gas station.
"Part of the reason we did the building was we wanted to make something attractive here at this important corner of La Cañada," Wannier told the Valley Sun.