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Business Observer Thursday, Sep. 7, 2006 13 years ago

Cape Coral firefighters union buys building


BUYER: Cape Coral Firefighters Building Corp. Inc. (principals: Mark Muerth, Eric Hawkins, Jason Huffman and Larrie Hedrick), Fort Myers
SELLER: Michael Patrick
PROPERTY: 407 S.W. 2nd Terrace, Cape Coral
PRICE: $450,000
PREVIOUS PRICE: $38,000, July 2001
TITLE FIRM ON DEED: Title Group Services, Fort Myers
PLANS, DESCRIPTION: The Cape Coral Professional Firefighters Union Local 2424 purchased a 3,050-square-foot flex building on 0.46 acres near Pine Island Road and Nicholas Parkway for $450,000, equal to an average of $148 per square foot of building space. Calls to the firefighters union for comment were not returned prior to publication.

The purchase entity Cape Coral Firefighters Building Corp. mortgaged the building to Wachovia Bank NA for $344,000.

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