A private investor has purchased Pelican Plaza, a retail center on Marco Island near Naples, Florida, for $8.65 million. The 27,200-square-foot property changed hands in a transaction between private investors, at a reported price of about $318 per square foot. The plaza is located on Bald Eagle Drive.
Key takeaways
- Pelican Plaza sold for $8.65 million.
- The retail center contains 27,200 square feet, putting the reported price at roughly $318 per square foot.
- The property is at 701–721 Bald Eagle Drive on Marco Island, Florida.
- The buyer and seller were both private investors.
The sale adds another investor-to-investor transaction to the commercial property activity in Southwest Florida. The reported details do not identify the buyer or seller or describe any planned changes to the property.
Sale details
Pelican Plaza was acquired by a private investor from another private investor. Based on the reported sale price and building area, the transaction valued the property at approximately $318 per square foot. No further financial terms were disclosed.
Property location
The center is located at 701–721 Bald Eagle Drive on Marco Island, a coastal community near Naples. Its address places it within the local retail market serving the island and surrounding area.
The property comprises 27,200 square feet of retail space. Details about its tenants, occupancy, or the buyer’s plans were not included in the reported transaction information.