Group led by Ocala cardiologist buys leased Shoppes at Beachwalk

BUYER: JPR San Carlos LLC (principal: Ramulu Eligeti), Ocala
SELLER: Melco Investments LLC
PROPERTY: 15751 San Carlos Blvd., Fort Myers
PRICE: $1.39 million
PREVIOUS PRICE: $450,000, October 2003
TITLE FIRM ON DEED: Title Professionals of Florida, Fort Myers

PLANS, DESCRIPTION: An investment group led by Ocala Cardiologist Dr. Ramulu Eligeti purchased the 14,205-square-foot Shoppes at Beachwalk retail and office complex for $1.39 million.

The price equated to $98 per square foot. That figure is lower than the two-year average price per square foot for retail space ($140) in Southwest Florida, according to the CoStar Group.