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292 14th Ave S, Naples, FL,...

Osprey Capital Acquires Property At 292 14th Ave S Naples For $7.3M With Seller's Reps Clint Sherwood And David Stevens
SOLD

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

David Stevens

Broker

$15.1M

vol

3 deals

Broker

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