MVP Holdings buys closed restaurant to create future Fort Myers PDQ

BUYER: PDQ FM Cleveland Propco LLC (manger DB-MVP LLC and officers: Nicholas Reader, David Mallitz, Geza Henni and James Palermo), Tampa
SELLER: Dukes Steak House Ft Myers Inc.
PROPERTY: 12499 S. Cleveland Ave., Fort Myers
PRICE: $1.33 million
PREVIOUS PRICE: $650,000, December 2008
LAW FIRM ON DEED: Dale W. Vash Esq., Tampa

PLANS, DESCRIPTION:
Tampa-based MVP Holdings purchased a 5,244-square-foot former Steak and Ale restaurant for $1.33 million.

The price equated to $253 per square foot or $1.01 million per acre. That per square foot figure is higher than the two-year average price per square foot for retail space ($144) in Southwest Florida according to the CoStar Group.