Collier Center Way Development Inc Sells Naples Property For $13.1M With Brock Rasmussen And Clay Winfield
1030 Collier Center Way, Naples, FL...
$13,100,000
$172/SF
Building Size
75,875 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
The property involved in this transaction is an approximately 75,875-square-foot office, warehouse, and flex property located at 1030 Collier Center Way in Naples, Florida. The sale was completed at a price of $13,100,000.00, highlighting the market's activity in Naples.
Summary of transaction details:
- Property Type: Office, Warehouse, and Flex
- Transaction Amount: $13,100,000.00
- Address: 1030 Collier Center Way, Naples, FL
- Market: Naples
- Buyer: Forefront Collier Venture LLC
- Seller: Collier Center Way Development Inc
- Buyer's Representative: Brock Rasmussen - Lee & Associates
- Seller's Representatives: Clay Winfield - WBDC Inc, David Stevens
This transaction involves various representatives, with Brock Rasmussen of Lee & Associates representing the buyer, Forefront Collier Venture LLC. The seller, Collier Center Way Development Inc, was represented by Clay Winfield of WBDC Inc and David Stevens of Investment Properties Corp, illustrating a collaborative effort among the real estate professionals involved.
Players
Naples Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.21%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93