A nearly 2-acre parcel of land has sold in Cape Coral and will be developed as a self-storage facility.
According to SVN Commercial Advisory Group, the buyer is Shadowbrook Development out of the Orlando suburb of Longwood. SVN, which represented the seller and announced the deal, says Shadowbrook paid $1.65 million for the land.
The 1.99-acre of undeveloped property is at 18th Street Northeast and Santa Barbara Boulevard.
SVN says in its statement that the land “promises great potential for the development of a three-story self-storage facility.”
There aren’t a lot of details about Shadowbrook online, with a LinkedIn page offering scant information on who it is and what it does beyond that it has a portfolio “that includes industrial, self-storage and multifamily properties.” The website link posted on the profile leads one back to LinkedIn.
Shadowbrook, though, shares an address with PLC Construction and the state’s Division of Corporations shows Benton Leach as its manager. PLC lists Leach as it founder and CEO of PLC on its website and his personal LinkedIn profile lists him as president of Shadowbrook.
A photo of several other PLC officials also appears on Shadowbrook’s team photo on LinkedIn as well as the PLC website.
PLC did not respond to a request for comment.
According to SVN, the property’s previous owner was Palm Beach-based Event Horizon Realty. Mary O’Malley, an associate advisor at SVN specializing in the sector, says the deal “showcases the continued growth and investment opportunities within the Cape Coral market and the self-shortage market.”