By Mark Alexander, CCIM
Originally at svnfloridablog.com

Many years from now our kids may read stories about the “Great Recession” of 2009 to 2010 (and counting).  With luck, they will only recall the ice cream being good and the beach being hot.  But the rest of us here in SW Florida won’t soon forget the things we see happening every day now…especially in the crazy commercial real estate market.  It is an amazing time to witness history being written. Many of us wish it just wasn’t so painful while others are happily securing their “Best Deals of a Lifetime”.

For example, a local SW Florida Bank just foreclosed on their $6.2 million mortgage for a brand new, never occupied Class A Industrial building (60,000 sf) on Alico Road in Ft. Myers that cost $7 million to build just two years ago…and it is now being offered for Sale at $2.7 million…and that is an Asking Price! I’m just getting started here.
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