Updated Oct 29, 2024
Four Corners Development Group Acquires Multifamily Property In Naples, FL For $26.5M
Green Blvd Naples, Fl
$26,500,000
$176/SF
Building Size
150,000 SF
Asset Type
MultiFamily
Closing
Mar 14, 2023
About this deal
AI
The multifamily property located at 4300 Green Blvd in Naples, FL has been sold. The transaction took place on March 14, 2023. The property spans 150,000 square feet and was sold for a price of $26,500,000, resulting in a price per square foot of $177.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $26,500,000
- Address: 4300 Green Blvd, Naples, FL
- Market: Naples, FL
The buyer in this transaction is Four Corners Development Group, represented by Jason Wisotsky. The seller is Kanesville Capital. The brokerage firm responsible for facilitating the sale is JBM® Institutional Multifamily Advisors, with Jamie May serving as the broker.
On the Map
$26,500,000
$176/SF
MultiFamily
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Players
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
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93