Latigo Naples LLC Acquires 18.95 Acres Of Land In East Naples For $8.995M
SOLD
Florida
See Similar DealsSold 08/23/2022
SOLD
Latigo Naples LLC Acquires 18.95 Acres Of Land In East Naples For $8.995M
8552 Collier Boulevard, Naples, Florida 34114, United States
See Similar DealsSold 08/23/2022
Summary
FLORIDA
Transaction Type:Sale
The transaction involved the sale of a land property located at 8552 Collier Blvd in East Naples. The property spans approximately 18.95 acres and was sold on 08/23/2022.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $8,995,000
- Address: 8552 Collier Blvd, East Naples
- Market: East Naples
Latigo Naples LLC purchased the property from Amerisite LLC. The deal was facilitated by Gary Tasman and Shawn Stoneburner from Cushman & Wakefield Commercial Property Southwest Florida, who represented both the buyer and the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$479,733.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,957.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,640.89
Annual Debt Service$511,690.67
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