Osprey Capital Acquires Property At 292 14th Ave S Naples For $7.3M With Seller's Reps Clint Sherwood And David Stevens
292 14th Ave S, Naples, FL, 34102
$7,300,000
$552/SF
Building Size
13,210 SF
Asset Type
—
Closing
Nov 19, 2023
AI
Located at 292 14th Ave S, Naples, FL, 34102, this property was sold for $7,300,000.00. The asset encompasses a total square footage of 13,210 and is situated in the Naples market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $7,300,000.00
- Address: 292 14th Ave S, Naples, FL, 34102
- Market: Naples
- Square Footage: 13,210
- Seller's Representative: Clint Sherwood-Investment Properties Corp, David Stevens
- Buyer: Osprey Capital
In this transaction, Osprey Capital acquired the property, with representation provided by Clint Sherwood from Investment Properties Corp working alongside David Stevens in the deal's facilitation.
Players
Naples CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93