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4704 Golden Gate Parkway, N...

Updated Dec 20, 2023

Thessing Commercial Properties Acquires Retail Property In Naples For $5.8M
SOLDRetail

Thessing Commercial Properties Acquires Retail Property In Naples For $5.8M

4704 Golden Gate Parkway, Naples, FL, USA

$5,800,000

$1,657/SF

Building Size

3,500 SF

Asset Type

Retail

Closing

Jan 21, 2021

About this deal

AI

The retail property located at 4704 Golden Gate Parkway in Naples has been sold for $5,800,000. The property spans 3,500 square feet, resulting in a price per square foot of $1,657. The sale took place on January 22, 2021. The buyer's representatives in this transaction were Brad Thessing, Roger Massell, and Chris Twist from Thessing Commercial Properties. On the other hand, SRS Real Estate Partners represented the seller.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,800,000
  • Address: 4704 Golden Gate Parkway, Naples
  • Market: Naples
  • Square Footage: 3,500
  • Price per Square Foot: $1,657
  • Buyer's Representatives: Brad Thessing, Roger Massell, and Chris Twist - Thessing Commercial Properties
  • Seller's Representative: SRS Real Estate Partners

Brad Thessing, Roger Massell, and Chris Twist from Thessing Commercial Properties acted as the buyer's representatives in this transaction. Their expertise and negotiation skills helped in finalizing the deal. SRS Real Estate Partners, on the other hand, represented the seller and played a crucial role in facilitating the transaction.

Players

Brad Thessing

Broker

$5.8M

vol

1 deal

Broker

Naples Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $1.7K per square foot on a published $5.8M for 3,500 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.73%

Cash-on-Cash

-0.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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