facebook
Traded Co logo
Submit

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

Property Image
SOLD
$27,000,000

Florida

See Similar Deals
Retail19,675 SF
Sold 05/16/2022
the dealplayerscompscontact
Property Image
SOLD

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

765 5th Avenue South, Naples, Florida 34117, United States

See Similar Deals
Retail19,675 SF
Sold 05/16/2022
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$1,372
Total Square Footage:19,675 SF
Transaction Type:Sale

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
2 deals$82.5M volume
BROKER

David Stevens
Investment Properties
4 deals$81.2M volume
BROKER

Robert Carroll
Investment Properties
2 deals$38.8M volume
BROKER

Details

SOLD
IMAGE: Rob Carroll, David Stevens & Patrick Fraley DATE: 05/16/2022 ADDRESS: 765 5th Ave S MARKET: Naples ASSET TYPE: Retail BUYER: Nighthawk Group 765 LLC - Bruce Barone Sr. SELLER: GCS Mom’s LLC BROKERS: Rob Carroll, David Stevens & Patrick Fraley - Investment Properties Corp (@IPCnaples) SALE PRICE: $27,000,000 SF: 19,675 ~ PPSF: $1,372

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,440,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$95,925.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$127,993.77
Annual Debt Service$1,535,925.30