Nighthawk Group 765 LLC Acquires Retail Property In Naples For $27M
765 5th Avenue South, Naples, Florida 34117, United States
$27,000,000
$1,372/SF
Building Size
19,675 SF
Asset Type
Retail
Closing
May 15, 2022
About this deal
AI
An area of 19,675 square feet located at 765 5th Ave S, Naples was recently sold for $27,000,000. The asset, classified as a retail property, was purchased by Nighthawk Group 765 LLC, represented by Bruce Barone Sr. The seller in this transaction was GCS Mom's LLC. The deal was facilitated by Rob Carroll, David Stevens, and Patrick Fraley of Investment Properties Corp.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $27,000,000
- Address: 765 5th Ave S, Naples
- Market: Naples
The successful completion of this deal highlights the involvement of key individuals and companies. Bruce Barone Sr., representing Nighthawk Group 765 LLC, played a crucial role in the purchase of the retail property. On the other side, GCS Mom's LLC served as the seller. The transaction was made possible through the expertise and efforts of Rob Carroll, David Stevens, and Patrick Fraley, who represented Investment Properties Corp.
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
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93