Costco Pays $55M for 55-Acre Fort Myers Location

Costco Wholesale has acquired a 55-acre development site in Fort Myers. The retail giant paid $55 million for the parcel at Colonial Boulevard and Plantation Road,

The transaction was brokered by Chuck Mayhugh and Chase Mayhugh of Mayhugh Commercial Advisors, who represented the seller. The property traded at approximately $23 per square foot, which Mayhugh claims sets a per-acre record for a tract exceeding 25 acres in the region.

The site was chosen due to its high visibility. The site offers over 1,100 feet of frontage on Colonial Boulevard and more than 3,100 feet along Plantation Road. Combined traffic counts exceed 100,000 vehicles per day, providing the scale and accessibility required for a high-volume retail destination.

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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

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