Canadian real estate investor buys Cypress Lake Professional Center

BUYER: Captain Investments Inc. (Henry and Simon Kaptyn as trustees), Ontario, Canada
SELLER: Wells Fargo Bank NA
PROPERTY: 9371 Cypress Lake Drive, Fort Myers
PRICE: $1.08 million
PREVIOUS PRICE: $1.15 million, June 1998
LAW FIRM ON DEED: Roetzel & Andress LPA, Fort Myers

PLANS, DESCRIPTION: A Canadian investor purchased the 26,421-square-foot Cypress Lake Professional Center for $1.08 million.

The price equated to $41 per square foot. That figure is lower than the two-year average price per square foot for office space ($140) in Southwest Florida, according to the CoStar Group.