FineMark Bank And Concord Real Estate Investors Acquire Retail Asset In Estero For $12.05M

The retail asset located at 10020 Coconut Road in Estero has been sold for $12,050,000. This property encompasses 35,330 square feet, translating to a price per square foot of $341.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $12,050,000
• Address: 10020 Coconut Road
• Market: Estero
• Buyer: FineMark Bank & Concord Real Estate Investors
• Seller: Courtelis Co.
• Brokers: Jim Michalak & Jeff Berkezchuk - Plaza Advisors
• Square Footage: 35,330
• Price Per Square Foot: $341

The transaction involved FineMark Bank purchasing a 9,390 square foot outparcel for $4.7 million, while Concord Real Estate Investors acquired the remaining 25,940 square foot strip center for $7.35 million. The brokers representing the seller, Courtelis Co., in this deal were Jim Michalak and Jeff Berkezchuk from Plaza Advisors.

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