EE Properties Global Acquires 37,960 Square Foot Medical Office In Fort Myers For $2.25M

The property involved in the transaction is a medical office asset located at 2531 South Cleveland Avenue in Fort Myers, FL. The building spans a total of 37,960 square feet and is situated on 2.79 acres. EE Properties Global acquired the asset for a price of $2,250,000 in a cash transaction. The price per square foot calculated from the sale amounts to $59.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $2,250,000
• Address: 2531 South Cleveland Avenue
• Market: Fort Myers, FL
• Size: 37,960 SF
• Price Per Square Foot: $59
• Buyer: EE Properties Global
• Buyer's Representative: Michael Curran - NAI Burns Scalo
• Seller's Representative: Justin Thibaut - LSI Companies
• Lender: Valley National Bank

Michael Curran from NAI Burns Scalo represented the buyer, EE Properties Global, and will be responsible for marketing and leasing the property. The site was previously an orthopedic medical office, and EE Properties Global intends to reposition it for potential medical, educational, or office use.