Irvin Pena Sells Development Site In Cape Coral For $1.21M With Brokers Michael And Mario Fernandez

A development site located at 1113 Northeast 2nd Avenue in Cape Coral has been successfully sold. The asset, which was sold off-market, consists of a portfolio comprising 22 scattered single-family home lots. The sale price was recorded at $1,210,000, with a total square footage of 220,396 and a price per square foot of $5.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,210,000
• Address: 1113 Northeast 2nd Avenue
• Market: Cape Coral
• Square Footage: 220,396
• Price Per Square Foot: $5
• Seller: Irvin Pena
• Brokarage: Michael Fernandez & Mario Fernandez - Florida Realty of Miami

The transaction was facilitated by brokers Michael Fernandez and Mario Fernandez, who represented the seller and leveraged their extensive network to identify the buyer. They achieved a successful off-market transaction in a thriving market.