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1447 Rail Head Boulevard

Alex Redfearn Of Redfearn Capital Acquisitions Purchases Industrial Property In Naples For $2.5M
SOLDIndustrial

Alex Redfearn Of Redfearn Capital Acquisitions Purchases Industrial Property In Naples For $2.5M

1447 Rail Head Boulevard

$2,500,000

$162/SF

Building Size

15,428 SF

Asset Type

Industrial

Closing

Jun 16, 2025

AI

The asset involved in this transaction is an industrial property located at 1447 Rail Head Boulevard in Naples. The sale price for the property was $2,500,000, with a total square footage of 15,428, resulting in a price per square foot of $162.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: $2,500,000
  • Address: 1447 Rail Head Boulevard
  • Market: Naples
  • Square Footage: 15,428
  • Price Per Square Foot: $162
  • Buyer: Alex Redfearn - Redfearn Capital Acquisitions
  • Seller: Lester Krupp
  • Buyer’s Representatives: Zach Levine & Doug Mandel - Marcus & Millichap

The key individuals involved in this transaction include Alex Redfearn, who represented the buyer through Redfearn Capital Acquisitions, and Lester Krupp, the seller. The buyer was represented by brokers Zach Levine and Doug Mandel from Marcus & Millichap.

Players

Douglas K. Mandel

Marcus & Millichap

Broker

$1.1B

vol

72 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

Alex Redfearn

Buyer

$586.6M

vol

16 deals

Buyer

Naples 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

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93