BH Group & Kolter Group Acquire Development Site In Naples For $102.6M
1121 Gulf Shore Boulevard North
$102,600,000
Building Size
—
Asset Type
Development Site
Closing
Apr 8, 2024
AI
The development site located at 1121 Gulf Shore Boulevard North in Naples was recently transacted for $102,600,000. The property was acquired by BH Group & Kolter Group.
Summary of transaction details:
- Property Type: Development Site / Land
- Transaction Amount: $102,600,000
- Address: 1121 Gulf Shore Boulevard North
- Market: Naples
The sale of the development site was facilitated by Maurice Habif, Simon Banke, Danielle Fernandez & Luca Victoria from JLL. Their representation assisted in successfully closing the deal.
Players
Naples Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93