Latigo Naples LLC Acquires 18.95 Acres Of Land In East Naples For $8.995M
8552 Collier Boulevard, Naples, Florida 34114, United States
$8,995,000
Building Size
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Asset Type
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Closing
Aug 22, 2022
AI
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.
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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93