Naples-based Oakes Farms buys former Albertsons

BUYER: Oakes Farms Inc. (officer: Deanne Oakes), Naples
SELLER: ABS FLA Owner LLC
PROPERTY: 4835 Immokalee Road, Naples
PRICE: $5 million
PREVIOUS PRICE: $10.31 million, August 2006
LAW FIRM ON DEED: Steven J Bracci PA, Naples

PLANS, DESCRIPTION:
Oakes Farms Inc. purchased a former Albertsons grocery store building for $5 million.

The price equated to $83 per square foot. That figure is lower than the two-year average price per square foot for retail space ($144) in Southwest Florida, according to the CoStar Group.