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
Naples Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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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