Updated Sep 9, 2024
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
About this deal
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.
On the Map
$2,175,000
$217/SF
Industrial
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Players
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