Real Capital Solutions buys Plaza at Island Pass

BUYER: Eat-1404 LLC (Real Capital Solutions), Louisville, Colo.
SELLER: TDG-Fort Myers LLC
PROPERTY: 15880 San Carlos Blvd. and 11561-11571 Majestic Palms Blvd., Fort Myers
PRICE: $5.12 million
PREVIOUS PRICE: $9.03 million, September 2005 (includes additional property)

PLANS, DESCRIPTION:
Louisville, Colo.-based Real Capital Solutions purchased the 40,376-square-foot Plaza at Island Pass retail center for $5.12 million.

The price equated to $127 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.