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Kyle Grant's Venture One Acquires Industrial Buildings In Naples For $17M
SOLD
$17,000,000
Florida
See Similar DealsIndustrial83,500 SF
Sold 01/23/2024
SOLD
Kyle Grant's Venture One Acquires Industrial Buildings In Naples For $17M
4120 Enterprise Avenue
See Similar DealsIndustrial83,500 SF
Sold 01/23/2024
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$203
Total Square Footage:83,500 SF
Transaction Type:Sale
A Chicago-based private equity firm called Venture One has acquired two industrial buildings in East Naples for a total of $17 million. These buildings, with a combined total of 83,500 square feet, were sold by David & Neil Braverman, who are associated with Naples Industrial Estates LLC.
Summary of transaction details:
- Property Type: Industrial
- Sale Price: $17,000,000
- Square Feet: 83,500
- Address: 4120 Enterprise Avenue, Naples
- Market: Naples
Venture One specializes in industrial real estate and has a focus on infill locations. As a private equity firm, they plan to operate the newly acquired properties in accordance with their expertise in the industrial real estate sector.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$906,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$60,397.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$80,588.67
Annual Debt Service$967,064.08
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