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1019 Collier Center Way Nap...

Timothy Apel Acquires Industrial Property At 1019 Collier Center Way In Naples For $2.17M
SOLDIndustrial

Timothy Apel Acquires Industrial Property At 1019 Collier Center Way In Naples For $2.17M

1019 Collier Center Way Naples, FL 34110, USA

$2,175,000

$217/SF

Building Size

10,000 SF

Asset Type

Industrial

Closing

Jul 27, 2023

AI

The industrial property located at 1019 Collier Center Way in Naples has been sold for a total price of $2,175,000. The property spans across 10,000 square feet, resulting in a price per square foot of $218. The transaction took place on 07/27/2023.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $2,175,000
  • Address: 1019 Collier Center Way, Naples
  • Square Footage: 10,000
  • Price per Square Foot: $218

The buyer of the property is Timothy Apel, while the seller of the property is Manuel Andalia. The deal was facilitated by the brokers Michael Buonadonna, Nick Watson, and Harrison Auerbach of Matthews Real Estate Investment Services.

Players

Nick Watson

Matthews

Broker

$149.4M

vol

20 deals

Broker

Market Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.29%

Cash-on-Cash

-2.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93