New York trust buys Daniels Parkway BB&T

BUYER: Arc BBFTMFL001 LLC, New York City

SELLER: Wolverine II Inc.

PROPERTY: 9090 Daniels Parkway, Fort Myers

PRICE: $3.85 million

PREVIOUS PRICE: $2.5 million, November 2002

LAW FIRM ON DEED: Knott Consoer Ebelini Hart & Swett PA, Fort Myers

PLANS, DESCRIPTION: New York City-based American Realty Capital Trust Inc. purchased a 3,617-square-foot BB&T bank building for $3.85 million.

The price equated to $1,065 per square foot.

Guenter Manczur of Calkain Cos. represented the buyer and William Holly of Holly Sime Realty represented the seller. “This acquisition demonstrates the value of well located investment real estate when leased to a high-credit tenant,” Manczur says in a press release.

American Realty Capital Trust targets single-tenant, freestanding properties nationwide.