TerraCap Partners II buys four Westlinks buildings

BUYER: Gateway RSW International LLC (principal: W. Stephen Hagenbuckle), Bonita Springs
SELLER: 13100 Westlinks Terrace Holdings LLC
PROPERTY: 13100-13130 Westlinks Terrace and 12801 Commonwealth Drive, Fort Myers
PRICE: $3.3 million
PREVIOUS PRICE: $2.11 million, December 1998 (includes additional property)
TITLE FIRM ON DEED: First American Title Insurance Co., Baltimore

PLANS, DESCRIPTION: Bonita Springs-based TerraCap Partners II purchased four commercial buildings in Westlinks Business Park for $3.3 million.

The price equated to $30 per square foot. That figure is lower than the two-year average price per square foot for industrial space ($50) in the Southwest Florida area, according to the CoStar Group.