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16065 South Tamiami Trail

Lee Auto Group Acquires 7.8 Acres At 16065 S Tamiami Trail Fort Myers For $3.75M
SOLDRetail

Lee Auto Group Acquires 7.8 Acres At 16065 S Tamiami Trail Fort Myers For $3.75M

16065 South Tamiami Trail

$3,750,000

Building Size

Asset Type

Retail

Closing

Mar 16, 2026

AI

Lee Auto Group acquired a 7.8-acre site located at 16065 South Tamiami Trail in Fort Myers, Florida. The site sold for $3,750,000 and includes a 7,992-square-foot building that was previously utilized by Blue Compass RV. This will now be the headquarters and primary retail location for Lee Auto Group.

Summary of transaction details:

LSI Companies represented the seller, Wegge Revocable Living Trust, in this transaction, while Alec Burke represented the buyer, Lee Auto Group, facilitating the acquisition of the property.

Players

Alex Henderson

LSI Companies

Broker

$85.5M

vol

7 deals

Broker
Lee Auto Group
Lee Auto GroupBuyer

Fort Myers Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.23%

Cash-on-Cash

-1.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93