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Collier Center Way Development Inc Sells Naples Property For $13.1M With Brock Rasmussen And Clay Winfield

Property Image
SOLD
$13,100,000
Brock Rasmussen

Florida

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Office75,875 SF
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Property Image
SOLD

Collier Center Way Development Inc Sells Naples Property For $13.1M With Brock Rasmussen And Clay Winfield

1030 Collier Center Way, Naples, FL...

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Office75,875 SF
Brock Rasmussen
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Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$172
Total Square Footage:75875 SF
Transaction Type:Sale

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

David Stevens
4 deals$81.2M volume
BROKER

Brock Rasmussen
Lee & Associates
2 deals$14.4M volume(239) 209-0458
BROKER

Details

SOLD
IMAGE: 1030 Collier Center Way, Naples, FL... MARKET: Naples BUYER'S REP: Brock Rasmussen -Lee & Associates SELLER'S REP: Clay Winfield -WBDC Inc, David Stevens SELLER: Collier Center Way Development Inc PRICE: $13,100,000.00 SF: 75875

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$698,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$46,541.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$62,100.68
Annual Debt Service$745,208.20