Automotive Management Services buys Infiniti of Fort Myers

BUYER: TT of Cypress Inc. (principals: Terry Taylor, Stephen Terry and Nancy Cera), West Palm Beach
SELLER: Infiniti of Ft. Myers LLC
PROPERTY: 14990 S. Tamiami Trail, Fort Myers
PRICE: $8.5 million
PREVIOUS PRICE: $3.5 million, July 2006
LAW FIRM ON DEED: Shutts & Bowen LLP, Orlando

PLANS, DESCRIPTION: Automotive Management Services Inc. purchased the business and real estate of Infiniti of Fort Myers. The West Palm Beach-based dealership group purchased the 27,771-square-foot dealership building on a 3.92-acre parcel for $8.5 million.

The price equated to $306 per square foot. That figure is higher than the two-year average price per square foot for retail space ($140) in Southwest Florida, according to the CoStar Group.