Florida Commercial R.E.

FORT MYERS - Great Northern Investments LLC recently purchased a 41,648 square foot warehouse building on Eighth Street West, south of Lee Boulevard. The purchase price was $2.54 million. This price equated to $61 per square foot of building space. The building, which sits on a 2.9 acres parcel, is currently leased to LeeSar Great Northern Investments for its record storage and management offices.
The property is located at 5597 Eighth St. W., in Lehigh Acres. It is approximately 7 miles east of Fort Myers.
Bob Johnston and Jerry Messonnier with Grubb & Ellis | 1st Commercial LLC represented the seller, Westgate Medical Records LLC. The buyer was represented by Tom Daugherty of Daugherty & Associates.
The building is leased to a documents storage company.
It was built in 2005, the facility features a two-story 6,400-square-foot office space and a 7,000-square-foot clean room.
The purchase price equated to a healthy 8.7% cap rate.
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FORT MYERS - The SunTrust Bank branch at 4415 Metro Parkway, in Fort Myers, has completed their renovation. J.L. Wallace Inc. was in charge of seeing the renovation through.
David Grossman of J.L. Wallace was the project manager, with Joy Ready as project manager assistant. Brian Dragich served as superintendent.
The project saw the installation of new ceilings, lighting and flooring, in the existing 4,081sf building.
J.L. Wallace is based in Fort Myers, Florida. They have provided general contracting and construction management services in Southwest Florida, since 1997. The company specializes in commercial projects, including structures for retail, industrial, institutional and office use.
The Metro Parkway Branch, of SunTrust Bank is one of domestic offices in Fort Myers. It was established in 1981. SunTrust Bank has served as a Full Service Brick and Mortar Office.
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FORT MYERS - Metropolitan Life Insurance Company has sub-leased 3,944 square feet from Noble Title & Trust LLC. The building is at 9530 Marketplace Road, No. 108, in Fort Myers.
The sublessor was represented by Derek Bornhorst with Grubb & Ellis | 1st Commercial.
Tiffany Luongo, from Coldwell Banker Commercial represented the sublessee.
This Met Life location is just west of I-75.

There is an available 5 +/- acres at a Signalized Corner, in Fort Myers.
It is on South US 41, with an asking price of $3,599,500.
Florida Commercial Real Estate has some exceptional property available.

Commercial Real Estate in Florida

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FORT MYERS - 4.8 acres on Plantation Road in Fort Myers was purchased by Gulf Coast Medical Park LLC. Intermed II LLC sold the property for $2,725,000.
The land is located by the Gulf Coast Medical Center expansion on Daniels Parkway.

Jim Garinger, CCIM, SIOR, Andrew Falde, CCIM, and Karen Johnson-Crowther with Colliers Arnold represented the seller. Magnus Karlstedt of MK Construction and the late Robin Wright of Woodyard and Associates represented the buyer.

Gulf Coast Medical Park will be a 54,000 sf medical office park consisting of four buildings.
This project has been pre-leased or pre-sold to a combination of users and investors.
"Commercial Real Estate in Florida"

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