CBRE Sells $4.5M Self-Storage Development Site In Lehigh Acres | 511 Lee Boulevard | Development Site | Sale

Summary

Sale

FLORIDA

Development Site

87,813 sqft

The $4.5 million sale of a development site in Lehigh Acres, Southwest Florida, has been facilitated by CBRE. The property, located at 511 Lee Boulevard, spans 87,813 square feet and is set to house 971 climate-controlled self-storage units upon completion.

Summary of transaction details:

Property Type: Development Site
Transaction Amount: $4,500,000
Market: Lehigh Acres
Square Footage: 87,813
Address: 511 Lee Boulevard
Broker: Self Storage Advisory Group - CBRE

The seller in the transaction, where a private investor acquired the property, was represented by CBRE's Self Storage Advisory Group.

Details

Deal Summary

SOLD

IMAGE: 04/19/2024 ADDRESS: 511 Lee Boulevard MARKET: Lehigh Acres ASSET TYPE: Development Site BROKER: Self Storage Advisory Group - CBRE SALE PRICE: $4,500,000 SF: 87,813 ~ PPSF: $51 NOTE: CBRE facilitated the $4.5 million sale of a self-storage development site in Lehigh Acres, Lee County, Southwest Florida. The 87,813-square-foot property at 511 Lee Blvd, acquired by a private investor, is slated to accommodate 971 climate-controlled self-storage units upon completion, with CBRE's Self Storage Advisory Group representing the seller in the transaction.

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Address511 Lee Boulevard

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