The Pine Cape Center in Cape Coral has been sold for $1.25 million. The three-building 18,894 sqf property sits on a 1.83 acre site and consists of 31 executive offices, a six-unit warehouse and a single-tenant warehouse. The warehouse space encompasses 13,320 sqf while the office portion of the complex takes up 5,574 sqf. The property is located at 1136 NE Pine Island Road. Mike Doyle and Rokki Rogan of LandQwest Commercial represented the seller, Pine Cape Corp. while the buyer, Pine Cape Center LLC, was represented by Robert DeRupo of Rossman Commercial Realty.
“The property was fully occupied at the time of the sale and had been for some time,” stated Mike Doyle of the LandQwest Fort Myers office. “The owner and property manager did a great job of keeping the space fully-leased. That, coupled with a great location, made this a solid investment for the buyer.”
