- September 7, 2024
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BUYER: RLR Investments LLC (principals: Ralph Roberts Sr., Mary and Roby Roberts, Jeffrey Haungs and Donald Deluca), Wilmington, Ohio
SELLER: Savannah Land Corp.
PROPERTY: 26811 S. Tamiami Trail, Bonita Springs
PRICE: $1.07 million
PREVIOUS PRICE: $725,000, June 1996
LAW FIRM ON DEED: Bolaños Truxton PA, Fort Myers
PLANS, DESCRIPTION: Wilmington, Ohio-based RLR Investments LLC purchased a 7,518-square-foot former Blockbuster store for $1.07 million.
The price equated to $142 per square foot.
Built in 1996, the freestanding building is an outparcel to the Target-anchored Bonita Bay Plaza shopping center.
RLR Investments LLC, which was formerly affiliated with the large transportation company R + L Carriers Inc., acquired the building as the new home of its offshoot residential brokerage company Royal Shell Real Estate Inc.
The new owner plans to renovate the building.
Karen Johnson-Crowther of Collier International Southwest Florida represented the seller.