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BUYER IN LIEU OF FORECLOSURE: Special Acquisitions IV Inc.,
SELLER: Off Lease Inc.
PROPERTY: 12195 Metro Parkway, Fort Myers
PRICE: $3.14 million
PREVIOUS PRICE: $2.14 million, August 2006
PROPERTY: 501 Sunshine Blvd. N., Lehigh Acres
PRICE: $1.22 million
PREVIOUS PRICE: $560,800, January 2003
PROPERTY: 3322 Fowler St., Fort Myers
PRICE: $1.05 million
PREVIOUS PRICE: $1.2 million, April 2006
LAW FIRM ON DEED: GrayRobinson PA, Miami
PLANS, DESCRIPTION: Naples-based TIB Bank completed a take-back of three prominent Lee County properties from Off Lease Inc., a company owned by Key West automobile dealer Dwayne Day, Mariza Lazor Hood of Naples and Gregory Shedrow of Fort Myers.
TIB Bank took over control of the 22,116-square-foot TIB Bank Plaza at the intersection of Metro Parkway and Crystal Drive in Fort Myers. The three-year-old center, which occupies a 2.3-acre parcel, was valued at $3.14 million, according to the deed. That is a more than $1 million premium from Off Lease's purchase in 2006.
The bank also took back two properties housing Day's AutoWebCars.com auto dealerships in Lehigh Acres and on Fowler Street in Fort Myers.
The Lehigh Acres property at the northwest corner of Lee and Sunshine boulevards featured a 4,169-square-foot sales and service center and was deeded in lieu of foreclosure for $1.22 million. The 15,300-square-foot Fowler Street dealership, which previously housed a Hyundai dealership, occupies a 1.11-acre parcel and was transferred for a value of $1.05 million.
A representative for Day's Key West dealership Key West Auto Web said Day sold some of his properties in the area and turned over others to the bank and currently has no real estate holdings along the Gulf Coast.
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