Marcus & Millichap Sells 6,245-SF Single-Tenant Net Leased Building in Fort Myers, FL

FORT MYERS, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Wachovia - Wells Fargo - Ground Lease, (bottom left photo) a 6,245 square foot single-tenant net-leased property located in Fort Myers, FL, according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office.

The asset commanded a sales price of $1,750,000.

Ron Schultz, (top right photo) an investment specialist in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a national developer. The buyer, a private investor in a 1031 exchange, was also secured by Mr. Schultz.

Schultz utilized the firm’s national marketing platform to procure multiple offers for this asset.



“Buyers are scrambling to safer deals like the Wachovia-Wells Fargo ground lease in Ft. Myers and they are willing to compete”.

“The seller achieved a very aggressive cap rate and a quick close, despite the economy. Buyers are active and deals are still getting done” states Schultz.

Wachovia-Wells Fargo Ground Lease is located at 11801 Palm Beach Boulevard.

Press Contact: Bryn D. Merrey, Regional Manager, Tampa, (813) 387-4700