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BUYER: Winter Haven Citrus Growers Association, Dundee
SELLER: The Bailey Co. LLLP
PROPERTY: 12126 S. Cleveland Ave., Fort Myers
PRICE: $1.48 million
PREVIOUS PRICE: $825,000, March 2003
TITLE FIRM ON DEED: Island Title Service Inc., Tampa
PLANS, DESCRIPTION: The Winter Haven Citrus Growers Association purchased a 3,167-square-foot fast food building for $1.48 million.
The price equated to $466 per square foot.
The citrus-growers cooperative purchased the property as an investment. The building is covered under a long-term lease to an Arby's franchisee.
The Dundee-based association declined to comment on the purchase.
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