Timothy Apel Acquires Industrial Property At 1019 Collier Center Way In Naples For $2.17M
SOLD
$2,175,000
Florida
See Similar DealsIndustrial10,000 SF
Sold 07/27/2023
SOLD
Timothy Apel Acquires Industrial Property At 1019 Collier Center Way In Naples For $2.17M
1019 Collier Center Way Naples, FL 34110, USA
See Similar DealsIndustrial10,000 SF
Sold 07/27/2023
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$217
Total Square Footage:10,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$115,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,727.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,310.61
Annual Debt Service$123,727.32
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