Winter Garden investor buys Devon Self Storage

BUYER: SQNF LLC (principal: Chris Miller), Winter Garden
SELLER: ACM Silverleaf III-B LLC
PROPERTY: 13701 Indian Paint Lane, Fort Myers
PRICE: $2.45 million
PREVIOUS PRICE: $1.4 million, July 2005
LAW FIRM ON DEED: Law Firm of Trenam Kemker, Tampa

PLANS, DESCRIPTION: Chris Miller of Winter Garden purchased the 71,229-square-foot Devon Self Storage facility for $2.45 million.

The price equated to $34 per square foot. That figure is below the two-year average price per square foot for industrial space ($50) in the Southwest Florida area, according to the CoStar Group.