Wisconsin real estate investors buy Bayshore Road CVS building

BUYER: Willow Pond Family Limited Partnership (principals: Jeanne Linnemanstons and Joel Hembel), Thiensville, Wis.
SELLER: Armer & Armer Investments
PROPERTY: 6391 Bayshore Road, North Fort Myers
PRICE: $5.95 million
PREVIOUS PRICE: $5.3 million, October 2008
LAW FIRM ON DEED: Steven J. Bracci PA, Naples

PLANS, DESCRIPTION: Willow Pond Family Limited Partnership, a purchased entity led by Jeanne Linnemanstons and Joel Hembel of Wisconsin, purchased a 15,059-square-foot drugstore for $5.95 million.

The price equated to $395 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.