Forager Real Estate Partners Sells Industrial Asset In Naples For $21.5 Million
SOLD
$21,500,000
Florida
See Similar DealsIndustrial88,000 SF
Sold 01/14/2026
SOLD
Forager Real Estate Partners Sells Industrial Asset In Naples For $21.5 Million
4755 Mercantile Avenue
See Similar DealsIndustrial88,000 SF
Sold 01/14/2026
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$244
Total Square Footage:88,000 SF
Transaction Type:Sale
The property asset involved in the transaction is located at 4755-4795 Mercantile Avenue in Naples, classified as Industrial. The sale price was set at $21,500,000, encompassing a total square footage of 88,000, which translates to a price per square foot of $244.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $21,500,000
- Square Footage: 88,000
- Price Per Square Foot: $244
- Seller: Forager Real Estate Partners
- Brokers: Zach Levine, Douglas K. Mandel & Cody Hershey - Marcus & Millichap
- Date of Sale: 01/14/2026
- Address: 4755-4795 Mercantile Avenue
- Market: Naples
The transaction was facilitated by brokers Zach Levine, Douglas K. Mandel, and Cody Hershey, representing the seller, Forager Real Estate Partners. These brokers played a crucial role in the successful completion of the deal, ensuring all aspects were managed effectively through their agency, Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,146,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$76,384.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$101,920.97
Annual Debt Service$1,223,051.63
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