Creighton Development and Construction buys, rebranding Burnt Store gas station

BUYER: 714 Burnt Store Road LLC (principal: Dan Creighton), Cape Coral
SELLER: OB Florida CRE Holdings LLC
PROPERTY: 714 Burnt Store Road N., Cape Coral
PRICE: $2.64 million
PREVIOUS PRICE: $380,000, October 2004
LAW FIRM ON DEED: Adams and Reese LLP, Sarasota

PLANS, DESCRIPTION: Creighton Development and Construction purchased a 5,694-square-foot former Texaco gas station for $2.64 million.

The price equated to $464 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.