MacDaddy's building sells, buyers planning redevelopment

BUYER: EBC 8951 Daniels LLC (Estero Bay Capital LLC and manager: Rokki Rogan), Fort Myers
SELLER: L&M Daniels LLC
PROPERTY: 8951 Daniels Parkway, Fort Myers
PRICE: $1.2 million
PREVIOUS PRICE: $975,000, July 2011
LAW FIRM ON DEED: Bolaños Truxton PA, Fort Myers

PLANS, DESCRIPTION:
LandQwest Commercial partner Rokki Rogan and John and Jeff Stultz of the Fort Myers general contractor Stultz Inc. purchased a 5,796-square-foot MacDaddy's sports restaurant building for $1.2 million.

The price equated to $207 per square foot. That figure is higher than the two-year average price per square foot for retail space ($144) in Southwest Florida, according to the CoStar Group.