Meals Of Hope Acquires Industrial Building In Naples From Alfie Oakes For $6.5M

The sale involved an industrial asset located at 4176 Mercantile Avenue in Naples. The property was purchased for $6,500,000 and encompasses a total area of 18,271 square feet. The cost per square foot is $356. This facility includes cold storage, warehouse, and office space, and will be utilized for food packing operations.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $6,500,000
• Buyer: Steve Popper - Meals of Hope
• Seller: Alfie Oakes
• Buyer's Representative: Jacques Groenteman - John R Wood Properties
• Seller's Representatives: David Wallace & Dave Wallace - CRE Consultants
• Square Footage: 18,271
• Price Per Square Foot: $356

Meals of Hope, represented by Jacques Groenteman from John R Wood Properties, acquired the property from Alfie Oakes, with the transaction facilitated by seller representatives David Wallace and Dave Wallace from CRE Consultants. The facility will assist the nonprofit in its mission to provide food for those in need.