Project Finance & Development Investments has acquired a development site located at 1429 Northeast 15th Avenue in Cape Coral. The sale price of the property was $3,000,000. The site encompasses 427,324 square feet and consists of 9.81 acres, which translates to approximately $306,824 per acre or $7 per square foot.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $3,000,000
• Sale Price Per Square Foot: $7
• Sale Price Per Acre: $306,824
• Buyer: Project Finance & Development Investments
• Seller: Lee County Dist School Board
• Buyer’s Representative: Thano Mazas - Mazi Realty
• Size: 9.81 acres
• Square Footage: 427,324 SF
• Market: Cape Coral

Thano Mazas of Mazi Realty represented Project Finance & Development Investments in this transaction. The buyer plans to redevelop the acquired site into a charter K–8 school campus, which will accommodate over 800 students, contributing to the educational resources in this rapidly developing area.