Meliora Healthcare Signs Collier County's Largest Office Lease Of 2023 In Naples
708 Goodlette-Frank Road North Naples, Florida 34102, USA
Building Size
14,139 SF
Asset Type
Office
Closing
Aug 23, 2023
About this deal
AI
Meliora Healthcare, a new medical practice in Naples, has signed the largest new office lease of 2023 in Collier County. The lease is for the entire second floor of Commons Professional Park, spanning a total of 14,139 square feet. The property is located at 708 Goodlette-Frank Road North in Naples, which is part of the Southwest Florida market. This lease transaction highlights the growing demand for medical services in the region.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Square Footage: 14,139 SF
- Address: 708 Goodlette-Frank Road North, Naples
- Market: Naples
Colliers' Brandon Stoneburner served as the broker responsible for facilitating the lease transaction between Meliora Healthcare and the landlord, Om Holdings 704 & 708, LLC. With his expertise, Stoneburner identified the opportunity for Meliora Healthcare to secure the space in Commons Professional Park, meeting the medical practice's needs. This significant lease further demonstrates the trend of increased demand and activity in the Southwest Florida medical services sector.
Players
Chapin Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93