Fort Myers, FL – September 30, 2020 – LSI Companies, Inc. brokered a 7.31± acre commercial property for $4,083,500. The site was purchased by Encompass Health Rehabilitation Hospital of Cape Coral, LLC from LG Pine Island and Pondella LLC. The property is located at 1730 NE Pine Island Rd., Cape Coral, FL 33909.
“This transaction highlights the continuing growth and development along the Pine Island Rd. corridor in Cape Coral,” stated Justin Thibaut, President of LSI Companies, Inc. “As evidenced by numerous commercial and retail development transactions that have occurred over the last 12 months, we are experiencing delivery of product to a deserving market and expect this trend to continue as the city grows and evolves.”
The seller was represented by Justin Thibaut, CCIM of LSI Companies, Inc. and the buyer was represented by Enn Luthringer, CCIM of CRE Consultants.
About LSI Companies, Inc.
LSI Companies is Southwest Florida’s leading full-service real estate brokerage and development firm. The Company specializes in all aspects of site development, current market and valuation issues, acquisition and disposition services, due diligence evaluation, zoning and permitting, work-out projects, asset management, and appraisals. For additional information on the Company or its services, visit their website at www.lsicompanies.com or call (239) 489-4066.