Naples, Fort Myers and Charlotte
While some industry insiders are talking about slowdowns in commercial real estate, Fort Myers’ LSI Cos. is on a roll. The firm announced three deals totaling $4.2 million last week. All were in Fort Myers.
The deals include:
- A commercial property totaling 24,299 square feet at 14508-14540 S. Tamiami Trail. The buyer is a local LLC tied to a revocable trust that paid $2.85 million. The seller, Lakes Park Plaza, bought the two-building property in 2018 for $2.77 million. LSI’s Alex Henderson, Max Molloy, and Sawyer Gregory represented the seller. Tim Schneider and Tony Mangione of Trinity Commercial Group represented the buyer.
- A 3,699-square-foot office building in downtown Fort Myers. The building is at 1529/31 Hendry St. and was bought for $1.1 million by a Fort Myers investor. The seller, a Troy, Michigan, LLC that shares an address with a coworking company, bought the building in 2022 for $1.15 million. LSI’s Alex Henderson, Max Molloy and Sawyer Gregory also represented the seller on this transaction. The buyer was represented by Jason Fiore of Zero in Real Estate.
- A 4,300-square-foot mechanics shop in Fort Myers. The building is at 8552 Crystal Court and was bought by a Fort Myers investor for $970,000. The previous owner was Continental Motors. It paid $360,000 for the property in 1988. The deal was brokered by LSI’s Eric Edwards and Justin Milcetich.
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