Lee Drywall buys Bill Creek building for additional storage

BUYER: 5845 Corporation Circle LLC (managers: Mitchell and Traci Lee), Fort Myers
SELLER: RRL Partners LLC
PROPERTY: 5845 Corporation Circle, Fort Myers
PRICE: $1.31 million
PREVIOUS PRICE: $1.6 million, January 2000
LAW FIRM ON DEED: Knot Ebelini Hart, Fort Myers

PLANS, DESCRIPTION:
Lee Drywall Inc. purchased a 40,023-square-foot industrial building for $1.31 million.

The price equated to $33 per square foot. That figure is less than the two-year average price per square foot for industrial space ($90) in Southwest Florida, according to the CoStar Group.