MIAMI—In a sale that industry watchers say signals a trend toward rising prices for office properties in Southwest Florida, 7800 University Point Drive in Fort Meyers has traded hands. The sale price on the 21,630-square-foot office building was $2 million. That puts the square foot price at $91.77.

Johnson Land Investments sold the office building to First Family Insurance. William Mankin of Colliers International Southwest Florida worked as the transactional broker.

“The property was an excellent fit for Family First Insurance because they utilize manufactured cubicle space to accommodate their employees,” says Mankin. “This building has approximately 7,000 square feet of open space on the second floor suitable for that use.”