JR Nagy Acquires Development Site In Naples From DNT Group For $2.75M

A development site located at 1123 Shadowlawn Drive in Naples has been sold for $2,750,000. The property spans across 82,328 square feet, resulting in a price per square foot of $33. The transaction took place on 12/04/2023.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $2,750,000
• Square Footage: 82,328
• Price per Square Foot: $33
• Address: 1123 Shadowlawn Drive, Naples

The buyer, JR Nagy, acquired the property from the seller, DNT Group, represented by Thomas Portman. The deal was facilitated by David Fish, a broker from BRG International. According to the note from the broker, the property was resold within 6 months, resulting in a profit of $1,350,000.