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.
http://nnncorners.blogspot.com/

LEHIGH ACRES - Carlisle Development Group just announced the grand opening of its Heron Pond II Apartments.
These new development is a senior affordable community, at 8421 Heron Pond Drive, in Lehigh Acres.
The price tag was approximately $14 million. This development consists of 60 one-bedroom units and 40 two-bedroom units.
The monthly rent is estimated to be under $500.
Lehigh Acres is 48 miles to Naples, Florida.

"Commercial Real Estate in Florida"

http://nnncommercialrealestate.blogspot.com/
"NNN Signalized Corner of Palm Beach"
http://nnncorners.blogspot.com/