Dear Friends and Clients,
As we move into the 2nd Quarter of 2019, we look forward to a good year ahead. The economy looks strong as we benefit from the longest 10-year expansionary period in history. The job market remains strong with low unemployment.
It is with sincere sympathy we acknowledge the passing of Commissioner Larry Kiker who worked tirelessly for the citizens of Lee County. He will be missed.
CEO & Principal Broker
1Q MarketBeat Reports
Navigating the Southwest Florida commercial real estate market and economic indicators affecting its performance can be a challenging task. Cushman & Wakefield | Commercial Property Southwest Florida offers quarterly MarketBeat reports to help you stay ahead of the real estate curve.
MarketBeat reports offer trends, insights and forecasts on all segments of the commercial real estate market in the region. They provide answers to questions such as the current state of the market, and where the real estate market is going. Q1 2019 reports are now available. Download a free copy today.
What’s Happening in Commercial Real Estate
Junior Achievement 2019
Cushman & Wakefield | Commercial Property SWFL participated in the Junior Achievement Business Hall of Fame on April 18, 2019. We are excited to support Junior Achievement of Southwest Florida because it aligns with our social responsibility to arm our youth with the tools to compete on a global platform. We help develop better stewards of our local and global economy by supporting our youth.
International Women’s Day 2019
Cushman & Wakefield | Commercial Property SWFL participated in International Women’s Day on March 8, 2019 with a watercooler talk about the challenges for Women in Power. It was a great opportunity to get to know each other and the professional challenges we share.
Cushman & Wakefield | Commercial Property SWFL was a sponsor of Wanderlust 2019 on April 13, 2019 to benefit the Florida Gulf Coast University Resort and Hospitality Management Program. The Funds raised provide financial assistance, scholarships and resources so graduates are on the forefront of the hospitality industry.
SIGNIFICANT SALES AND LEASES
661 Logan Boulevard N, Naples – $1,225,000 from Beechwood Land Trust – Lane Boy
Primrose School Franchising Co – 10350 Corkscrew Commons Drive, Estero – $1,000,000 from Gogan Investments LLC. – Gary Tasman/Shawn Stoneburner
RD Ramadon Inc.: 2664/2686 Crag Street – $355,000 from 4477 Duncan LLC. – John Albion
Corkscrew Tree, LLC – $348,000, 21999 Carter Rd., Estero – 40 acres, vacant agriculture land – Lane Boy
Morgan Auto Group, LLC, – $551,000, Corporate Park Circle, 3.08 Acres, – Gary Tasman/Lane Boy
Top 1% Coaching, LLC: 6,394sf of office space for a lease term of 2 years at 12651 McGregor Blvd. from Gulf Stream West, LLC. – Gary Tasman/Gretchen Smith
Florida Media Group, LLC: 5,400 sf of office space for a lease term of 5 years at 2891 Center Point Dr., from CITEC Florida, LLC. – Gary Tasman/Gretchen Smith
NEW LISTING ASSIGNMENTS
(Click on address to download flyer)
9990-9994 University Plaza Dr. Ft. Myers, FL 33912 – Sale – $4,800,000 – Fully Leased Retail Outparcel at Gulf Coast Town Center – 6.34% CAP Rate– Zoned Community Shopping Center- Gary Tasman/Shawn Stoneburner
5611 & 5631 Six Mile Commercial Court, Marlins Plaza, Fort Myers, FL 33912– Sale – Price Lowered to $6,950,000- Zoned MPD- Mixed Use Retail- 14,660 SF- 6.54% CAP Rate- Gary Tasman/Shawn Stoneburner
17280 Jean St., Ft Myers, FL 33967 – Sale – $815,000 – Flex Property on 3.45 Acres & 2400 of Office/Warehouse – Zoned IG – Gary Tasman/Shawn Stoneburner
15100 & 15120 Elderberry Ln., Ft Myers FL 33907 -Sale – $1,174,000 – Land 2.45 Acres – Zoned CC – John Albion
3645 Gateway Ln., Naples, FL 34109 – Former Harley Davidson Dealership consisting of a 29,901 SF building/showroom/shop on 2.68 Acres – Sale – $7,500,000 – Gary Tasman/Shawn Stoneburner
1745 & 1765 Heritage Trail, Naples, FL 34112 – Medical Office Buildings – Approx. 5,238 sf in each building, $1,250,000 – Lane Boy
8496 Rattlesnake Hammock Rd., Naples, FL 34114 – Land – 15 Acres – $1,800,000– Lane Boy
4329-4369 Tamiami Tr., Port Charlotte, FL 33980, $4,900,000 – Zoned CG – Building 5,783 SF on 4.85 Acre Lot – Shaune Freeland