Dominic Valente Purchases Commercial Property From Griffith Family In Naples For $1.1M
SOLD
$1,100,000
Florida
See Similar DealsMultiFamily4,600 SF
Sold
SOLD
Dominic Valente Purchases Commercial Property From Griffith Family In Naples For $1.1M
2059 Trade Center Way
See Similar DealsMultiFamily4,600 SF
Sold
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$239
Total Square Footage:4600 SF
Transaction Type:Sale
The property asset involved in this transaction is a commercial property located at 2059 Trade Center Way in Naples, FL. The sale price was $1,100,000, and the property encompasses 4,600 square feet, resulting in a price per square foot of $239.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $1,100,000
- Address: 2059 Trade Center Way
- Market: Naples, FL
- Total Square Footage: 4,600
- Price Per Square Foot: $239
- Buyer: Dominic Valente
- Seller: Griffith Family
- Brokers: Robert Sharfstein - RPS Capital Management & Jonathan Squires - Cushman & Wakefield
The key individuals involved in the deal include the buyer, Dominic Valente, and the seller, Griffith Family. Robert Sharfstein from RPS Capital Management and Jonathan Squires from Cushman & Wakefield represented the respective parties in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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