Loading
BUYER: Sierra Meadows LLC (principals: Keith Campbell and Ted Muftic), Fort Myers
SELLER: Special Acquisitions II Inc.
PROPERTY: 8434, 8420, 8370, 8385 and 8375 Sierra Meadows Drive, 8414 Coyote Drive and 8382 Sequoia Drive, Naples
PRICE: $3.4 million
LAW FIRM ON DEED: Stearns Weaver Miller Weissler Alhadeff & Sitterson PA, Miami
PLANS, DESCRIPTION: Fort Myers real estate investors Keith Campbell and Ted Muftic purchased 23.72 acres for $3.4 million.
The price equated to $143,339 per acre.
Gary Tasman and Shawn Stoneburner of Commercial Property Southwest Florida LLC, a Cushman and Wakefield alliance member, handled the transaction.
The property, at the southwest corner of Rattlesnake Hammock Road and Collier Boulevard, was purchased as an investment, according to Tasman. The investors will consider a development or sale in the future. The site is across from Collier County government offices and adjacent to a Publix-anchored retail center.
The buyers mortgaged the property to the Employees' Retirement Plan of Hajoca Corp. for $1.6 million.
Your free article limit has been reached this month.
Subscribe now for unlimited digital access to our award-winning business news.
Join thousands of executives who rely on us for insights spanning Tampa Bay to Naples.
