Class A Office in Ft. Myers Sold $1.85± Million
FORT MYERS, Fla. (May 20, 2014) – Lee & Associates, the largest broker-owned commercial real estate firm in the nation, announced today it recently completed the following sale transaction:
William Cronin purchased15,058sf Class A office building on 1 acre at 8000 Summerlin Lakes Drive, Ft. Myers from US Acquisition XII LLC for $1,850,000 ($122.85/sf).
“This is a Class A office building located in the professional/financial district of South Ft. Myers. The office market is definitely improving. The vacancy rate in the Southwest Florida decreased from 13.1% at the end of the fourth quarter 2013 to 12.8% at the end of the first quarter 2014,” said Rodney Fidler, CCIM.
“With a positive net absorption of 116,525sf for the quarter” added Richard Clarke, principal, Lee & Associates|Naples-Ft. Myers.
Richard Clarke and Rodney Fidler, CCIM negotiated the sale transaction and lead the office team for Lee & Associates|Naples-Ft. Myers.