Industrial real estate in Southwest Florida continues to be on fire, said Chase Mayhugh with Mayhugh Commercial Advisors
, based in Fort Myers. Mayhugh recently brokered the transaction of one of the region’s largest industrial properties, which sold for $8.35 million. The 4M Commerce Center, 11803 Metro Parkway, in Fort Myers was sold on Dec. 31 to 11803 Metro Pkwy LLC. The property consists of three large industrial facilities with more than 120,000 square feet of industrial space on 7.36 acres fronting the heavily traveled Metro Parkway. The sellers, Kelly Peel Trust and Liddell Family Trust, brought on Chase Mayhugh, SIOR, CCIM, in mid-2019 to manage, stabilize and lease the asset to position it for future sale.