Loading
BUYER: 1011 Immokalee LLC (principals: Christopher, Gail and Story Bach), Immokalee
SELLER: SR 29 LLC
PROPERTY: 1011 15th St. N., Immokalee
PRICE: $2.05 million
PREVIOUS PRICE: $385,000, July 2011
LAW FIRM ON DEED: Isicoff Ragatz & Koenigsberg PL, Miami
PLANS, DESCRIPTION: Christopher, Gail and Story Bach of Lake Wales purchased a 9,100-square-foot retail building on 15th Street for $2.05 million.
The price equated to $225 per square foot.
The less than 1-year-old building and 0.96-acre site is leased to Dollar General.
The discount retailer has a 15-year triple-net lease on the property, obligating Dollar General to maintain the building and pay the real estate taxes and building insurance. The agreement also allows for six, five-year renewal lease options with rent increases.
The Business Review was unable to contact the Bachs for comment prior to deadline.
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.
