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OMG Realty buys Wachovia branch

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  • | 10:57 p.m. February 18, 2010
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OMG Realty buys Wachovia branch

BUYER: OMG Realty LLC (principal: Ralph Garramone), Fort Myers

SELLER: Wachovia Bank NA successor by merger to SouthTrust Bank NA

PROPERTY: 12998 S. Cleveland Ave., Fort Myers

PRICE: $1.3 million

PREVIOUS PRICE: $1.03 million, October 1991

LAW FIRM ON DEED: Rogers Towers PA, Jacksonville

PLANS, DESCRIPTION: OMG Realty LLC, an entity managed by Fort Myers plastic surgeon Ralph Garramone, purchased a former 10,020-square-foot Wachovia bank branch at the northwest corner of Cleveland Avenue and Big Pine Way for $1.3 million.

The purchase price equated to $130 per square foot. The building was originally built in 1984 and occupies a 1.36-acre parcel.

The purchase entity OMG Realty LLC mortgaged the property to Ironstone Bank for $1.06 million.


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