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312 Blackstone Drive

Casto Purchases 68-Acre Land Parcel At 312 Blackstone Drive Fort Myers For $14.15 Million
SOLDLand

Casto Purchases 68-Acre Land Parcel At 312 Blackstone Drive Fort Myers For $14.15 Million

312 Blackstone Drive

$14,150,000

Building Size

Asset Type

Land

Closing

Jan 14, 2026

AI

A 68-acre commercial property located at 312 Blackstone Drive in Fort Myers was sold for $14.15 million. The asset is intended for a large-scale retail development project by the buyer.

Summary of transaction details:

The deal was brokered by LSI Companies, which represented the local seller in this transaction. The buyer, Casto, is based in Ohio and is planning a significant retail development on the acquired land.

Players

Alex Henderson

LSI Companies

Broker

$85.5M

vol

7 deals

Broker

Fort Myers Land Market Snapshot

Boundary boundary · Land · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.12%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93