Samuel R. Sobel Acquires Development Site In Naples For $6.22M
2543 Seychelles Dr
$6,220,000
$16/SF
Building Size
370,260 SF
Asset Type
Development Site
Closing
Jan 23, 2024
AI
A development site located at 2543 Seychelles Dr in Naples has been sold for $6,220,000. The site spans approximately 370,260 square feet, resulting in a price per square foot of $17. The transaction took place on 01/23/2024.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $6,220,000
- Square Feet: 370,260
- Price per Square Foot: $17
- Address: 2543 Seychelles Dr, Naples
- Market: Naples
The buyer of the development site is Samuel R. Sobel, while the seller is Victor G Bazzano Ambrosoni. The deal was facilitated by Tomas Sulichin from RelatedISG International Realty.
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
2.55%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93