Stock Development Acquires Development Site At 6869 Airport Pulling Road Naples For $12.55M
SOLD
$12,550,000
Florida
See Similar DealsDevelopment Site
Sold 07/15/2024
SOLD
Stock Development Acquires Development Site At 6869 Airport Pulling Road Naples For $12.55M
6869 Airport Pulling Road
See Similar DealsDevelopment Site
Sold 07/15/2024
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Sale
The property asset involved in the transaction is a development site located at 6869 Airport Pulling Road in Naples. The sale price of the asset was $12,550,000. The site is designated for a future project comprising a four-story structure characterized by a modern elevation, flat roofs, and extensive use of glass.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $12,550,000
- Buyer: Stock Development - Keith Gelder
- Seller: Herring Et Al, Charles E, John E. Crimmel Trust, Sharon T. Crimmel Trust & Whitley S. Ward
- Brokers: Jeff Stubins & Christian Infante - Stubins Group
Christian Infante and Jeff Stubins of Stubins Group represented all parties in this off-market deal. The buyer indicated plans for the project, which include a modern architectural style intended to enhance the visual appeal of the site.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$669,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$44,587.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$59,493.40
Annual Debt Service$713,920.83
Is there something missing? Send suggestions