David Weinberg Of Marcus & Millichap Represents Buyer In $11.5M Retail Sale In Naples
77 Golden Gate Boulevard West
$11,500,000
$494/SF
Building Size
23,279 SF
Asset Type
Retail
Closing
Oct 2, 2025
About this deal
AI
A retail property at 77 Golden Gate Boulevard West in Naples has been sold for $11,500,000. The asset spans 23,279 square feet and is situated on a 6.67-acre lot, with a price per square foot of $494.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $11,500,000
- Address: 77 Golden Gate Boulevard West
- Market: Naples
- Square Footage: 23,279 SF
- Price Per Square Foot: $494
- Acres: 6.67
- Buyer's Representative: David Weinberg - Marcus & Millichap
- Seller's Representatives: Shannon Bona (Netleasequeen) & Julius Swolsky - CrownPoint Partners
CrownPoint Partners facilitated the sale of the property, which is secured by a 15-year corporate-guaranteed lease. The buyer's representation was managed by David Weinberg from Marcus & Millichap, while Shannon Bona and Julius Swolsky from CrownPoint Partners represented the seller in this 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
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93