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:
- Property Type: Land
- Transaction Amount: $14,150,000
- Address: 312 Blackstone Drive
- Market: Fort Myers
- ACRES: 68
- Buyer: Casto
- Brokers: Justin Thibaut, Hunter Ward, Alex Henderson, Max Molloy & Sawyer Gregory - LSI Companies
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
Fort Myers Land Market Snapshot
Boundary boundary · Land · Sale transactions
Loading comparables…
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