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:
- Property Type: Retail
- Transaction Amount: $3,750,000
- Address: 16065 South Tamiami Trail
- Market: Fort Myers
- Seller: Wegge Revocable Living Trust
- Buyer: Lee Auto Group
- Brokers: Sawyer Gregory, Alex Henderson, Max Molloy & Alec Burke - LSI Companies
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
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