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1427 Pine Ridge Road, Naple...

Secured Equities Corporation Acquires Mixed-Use Property In Naples For $25.5M
SOLDMixed-use

Secured Equities Corporation Acquires Mixed-Use Property In Naples For $25.5M

1427 Pine Ridge Road, Naples, FL, USA

$25,500,000

$355/SF

Building Size

71,640 SF

Asset Type

Mixed-use

Closing

Nov 16, 2021

AI

1427 Pine Ridge Road in Naples has been sold for $25,500,000 in a recent transaction. This property is a mixed-use asset with a total area of 71,640 square feet, resulting in a price per square foot of $356. The sale was facilitated by brokers Danny Finkle, Eric Williams, Kim Flores, and Cameron Beck from JLL. The buyer, Secured Equities Corporation, was represented by Fiorenzo Bresolin. The sellers were Courtelis Company and Barron Collier Companies.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $25,500,000
  • Square Footage: 71,640
  • Price per Square Foot: $356
  • Address: 1427 Pine Ridge Road, Naples
  • Market: Naples
  • Buyer: Secured Equities Corporation - Fiorenzo Bresolin
  • Seller: Courtelis Company & Barron Collier Companies
  • Brokers: Danny Finkle, Eric Williams, Kim Flores, and Cameron Beck - JLL

This successful transaction showcases the expertise and dedication of the brokers involved. Danny Finkle, Eric Williams, Kim Flores, and Cameron Beck from JLL played a crucial role in facilitating the sale of 1427 Pine Ridge Road. Their collective efforts resulted in securing a price of $25,500,000 for this mixed-use property, which spans an impressive 71,640 square feet in the desirable market of Naples.

Players

Danny Finkle

JLL

Broker

$3.9B

vol

57 deals

Broker

Fiorenzo Bresolin

Buyer

$42M

vol

2 deals

Buyer
CC
Courtelis CompanySeller

Naples Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.62%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93