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765 5th Avenue South, Naple...

Nighthawk Group 765 LLC Acquires Retail Property In Naples For $27M
SOLDRetail

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

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

Patrick Fraley

Investment Properties

Broker

$82.5M

vol

2 deals

Broker

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