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1624 Gulf Shore Boulevard N...

JLL Brokers Maurice Habif And Simon Banke Sell Naples Development Site For $17.5M
SOLDDevelopment Site

JLL Brokers Maurice Habif And Simon Banke Sell Naples Development Site For $17.5M

1624 Gulf Shore Boulevard North

$17,500,000

$284/SF

Building Size

61,500 SF

Asset Type

Development Site

Closing

Jun 4, 2025

AI

The property involved in this transaction is a development site located at 1624 Gulf Shore Boulevard North in the Naples Harbour Club area. The asset covers an area of 61,500 square feet and has a sale price of $17,500,000, resulting in a price per square foot of $284. The market for this transaction is Naples.

Summary of transaction details:

The deal involved key brokers from JLL, specifically Maurice Habif, Simon Banke, Danielle Fernandez, and James Todd, representing the transaction. Their collective efforts facilitated the successful sale of the property in the Naples market.

Players

Maurice Habif

JLL

Broker

$1B

vol

19 deals

Broker

Naples Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.91%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93