Albany Road Real Estate Partners And McDowell Housing Acquire Development Sites In Fort Myers And Naples For $5.75M

The transaction involved a development site covering 12.03 acres, located at 16420 Old US 41 & 4470 Santa Barbara Boulevard in the Fort Myers & Naples, FL market. The sale was completed for a total of $5,750,000.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $5,750,000
• Buyer: Albany Road Real Estate Partners & McDowell Housing
• Brokerage Firm: LSI Companies
• Brokers: Max Molloy, Alex Henderson, Sawyer Gregory, Justin Thibaut & Alexis North
• Assets in the transaction: 5.29-acre industrial property at 16420 Old U.S. Highway 41 and a 6.74-acre residential development site at 4470 Santa Barbara Blvd.
• Notable Transactions: Industrial property sold for $2.65 million and residential site for $3.1 million

The brokerage team from LSI Companies included Max Molloy, Alex Henderson, and Sawyer Gregory, who represented the transaction involving the Fort Myers industrial property. Justin Thibaut and Alexis North were responsible for facilitating the sale of the Naples residential development site.