Seagate Development Group Acquires Mixed-Use Asset In Naples For $11.8M

A mixed-use property located at 4947 Tamiami Trail N in Naples has been sold for $11,800,000. The property spans 50,000 square feet, resulting in a price per square foot of $236. The sale was completed on January 4, 2022. The transaction involved the buyer, Seagate Development Group, and the seller, Naples Venture I Inc. David Stevens & Robert Carroll of Investment Properties Corp. represented the buyer, while Marc Zampell of Nationwide Residential & Commercial Real Estate Inc. represented the seller.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $11,800,000
• Square Footage: 50,000
• Price per Square Foot: $236
• Address: 4947 Tamiami Trail N, Naples
• Market: Naples

Detailed representation was provided by David Stevens & Robert Carroll from Investment Properties Corp. on behalf of the buyer, Seagate Development Group. Marc Zampell from Nationwide Residential & Commercial Real Estate Inc. represented the seller, Naples Venture I Inc.