Connecticut real estate investor buys, renaming Del Prado Outlet Centers

BUYER: 3046 Del Prado Biz Center LLC (Bryant Boyd), Madison, Conn.
SELLER: Donald and Nancy Hinks
PROPERTY: 3046 Del Prado Blvd. S., Cape Coral
PRICE: $1.35 million
PREVIOUS PRICE: $2.3 million, January 2003
TITLE FIRM ON DEED: Team Title Insurance Agency Inc., Fort Myers

PLANS, DESCRIPTION:
Madison, Conn., real estate investor Bryant Boyd purchased the 10,916-square-foot Del Prado Outlet Centers retail strip center for $1.35 million.

The price equated to $124 per square foot. That figure is less than the two-year average price per square foot for retail space ($150) in Southwest Florida, according to the CoStar Group.