Bougainvillea Center In Naples, Florida Sells For $6.6M With Buyer's Rep Marcus & Millichap

Bougainvillea Center, a retail property located at 7740 Preserve Lane in Naples, Florida, has been sold by Marcus & Millichap for $6.6 million. The shopping center sits on 2.83 acres of land and spans a total of 26,872 square feet. The sale price equates to approximately $246 per square foot.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $6,600,000
• Address: 7740 Preserve Lane, Naples, Florida
• Market: Naples
• Size: 2.83 acres

The transaction was facilitated by the team at Marcus & Millichap, including brokers Jim Shiebler, James Garner, and James Medefind. Their efforts attracted significant interest in the property, resulting in 16 offers and a sale price that surpassed 96% of the list price.