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:
- 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.
Players
Naples MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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