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BUYER: Countryside Commons SWF LLC, Fort Myers
SELLER: C/B Associates Ltd. Partnership, Chicago
PROPERTY: 6400 Davis Blvd., Naples
PRICE: $6.5 million
PREVIOUS PRICE: $540,000, July 1987
LAW FIRM ON DEED: Garlick Hilfiker & Swift LLP, Naples
PLANS, DESCRIPTION: An investment group headed by Edmund Shamsi of Boca Raton purchased the 44,248-square-foot Countryside Commons office park for $6.5 million.
The price equated to $147 per square foot or $928,571 per building.
The seven-building park features a mixture of medical and professional office space.
Adam Palmer of the LandQwest Commercial office division represented the seller.
The park is currently 55% occupied and was described by Palmer as a value-add opportunity. Existing tenants include Naples Community Hospital, Collier Healthcare Services, Naples Diagnostic and Imaging Center and LabCorp.
“This is really a neighborhood medical park,” he says. “It's not in a bustling office corridor, it is surrounded by gated housing developments. It really caters to those rooftops.”
Palmer and LandQwest Commercial have been retained to market the vacant space.
A related company of the buyer, Back Bay Resorts SWF LLC, purchased the Hotel Indigo in downtown Fort Myers in May for $4.5 million.
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