Brian Scott Holdings Inc. purchased the three parcels--in the northeast quadrant of Daniels Parkway and Treeline Avenue near the Southwest Florida International Airport--for $607,733, or about $87,696 per acre. These lots total 6.93 acres and are part of a larger parcel that consisted of 17.4 acres originally.
When sold, the total sale price of the project will be more than $1.7 million. The parcels eventually will have the same owner, Partridge says. Two more lots there, totaling more than 10 acres and priced at more than $1.1 million, are scheduled to close at the end of the year, he adds.
"This property is in much demand, with the improvements and the expansion of Southwest Florida International Airport," he says.
More details on the development should be available in a couple of months, according to Partridge, of Grubb & Ellis|VIP, who represented Vision Limited Partnership in the transaction.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
