Tampa office of Marcus & Millichap brokerrs sale of Morse Shores in Fort Myers for $11.3 million.
FORT MYERS — Morse Shores, a retail plaza in Fort Myers anchored by Big Lots, Citi Trends and Save-A-Lot, has been sold for $11.3 million.
The 170,811-square-foot retail property is 96% occupied, according to statement from Marcus & Millichap, the firm that listed the property. The plaza is at 4901 Palm Beach Blvd., a primary east-west corridor between downtown Fort Myers and Interstate 75.
“We had a substantial amount of interest on Morse Shores from a wide variety of investors,” says James Medefind, investment specialist for Marcus & Millichap, in the statement. “Private investors, institutional investors and several private equity funds submitted offers. In total, we had 15 offers.”
Medefind and Jim Shiebler listed the property. The buyer, a private investor, was represented by Medefind, the release adds.