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2059 Trade Center Way

Dominic Valente Purchases Commercial Property From Griffith Family In Naples For $1.1M
SOLDMultiFamily

Dominic Valente Purchases Commercial Property From Griffith Family In Naples For $1.1M

2059 Trade Center Way

$1,100,000

$239/SF

Building Size

4,600 SF

Asset Type

MultiFamily

Closing

Aug 12, 2024

AI

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:

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.

Players

Jonathan Squires

Cushman & Wakefield

Broker

$712.3M

vol

93 deals

Broker

Naples MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93