Delray Investor Acquires Naples Industrial Building For $16M On 8.15 Acres
1485 Rail Head Blvd Naples, FL 34110, USA
$18,860,000
$140/SF
Building Size
133,826 SF
Asset Type
Industrial
Closing
Jun 20, 2023
AI
A Delray investor has purchased an industrial building in Naples for $16 million. The property is located at 1485 Rail Head Boulevard and sits on 8.15 acres. It features a 67,500-square-foot warehouse with 28-foot clear heights, dock-high loading, and ample parking. The acquisition comes in response to the rising demand for industrial properties in Southwest Florida due to supply chain disruption and the growth of e-commerce.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $16 million
- Address: 1485 Rail Head Boulevard, Naples
- Market: Naples & West Palm Beach
The Delray investor who purchased the industrial building in Naples remains unnamed.
Players
Miami 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
0.84%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93