SOLD
The Ronto Group & Wheelock Street Capital Acquire Development Site In Naples For $167.5M
1601 Gulf Shore Boulevard North
Development Site
228,690 SF
228,690 SF
Sold 1 year ago
Summary
Sale
FLORIDA
Development Site
228,690 sqft
The Ronto Group and Wheelock Street Capital have acquired a development site in Naples, located at 1601 Gulf Shore Blvd N. The property spans approximately 228,690 square feet, with a sale price of $167,500,000, resulting in a price per square foot of $732. The building square footage is recorded at 320,000, translating to a price per building square foot of $523.
Summary of Transaction Details
- Property Type: Development Site
- Transaction Amount: $167,500,000
- Address: 1601 Gulf Shore Blvd N
- Market: Naples
The transaction for this development site was facilitated by Manny De Zarraga, Maurice Habif, Chris Drew, Simon Banke, and Jo Rousseau of JLL Capital Markets.
Players
All
6
Agents
5
Agencies
1
Details
SOLD
IMAGE: Chris Drew, Simon Banke, Maurice Habif, Manny De Zarraga & Jo Rousseau
DATE: 11/15/2021
ADDRESS: 1601 Gulf Shore Blvd N
MARKET: Naples
ASSET TYPE: Development Site
BUYER: The Ronto Group & Wheelock Street Capital
BROKERS: Manny De Zarraga, Maurice Habif, Chris Drew, Simon Banke & Jo Rousseau - JLL Capital Markets
SALE PRICE: $167,500,000
SF: 228,690 ~ PPSF: $732
BSF: 320,000 ~ PPBSF: $523View on map
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Address1601 Gulf Shore Boulevard North
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