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CRC Cos. Acquires Office Asset In Naples For $55.5M

5801 & 5811 Pelican Bay Boulevard
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This Office property located in FL was sold for $55,500,000 about 2 years ago. The brokers of the deal were Patrick Fraley, Christopher (Chris) Drew, Matthew (Matt) McCormack, Ike Ojala, and Hermen Rodriguez

The office property located at 5801 & 5811 Pelican Bay Blvd in Naples has been sold in a closed transaction. The property spans across 10 acres and is categorized as an office space. The transaction took place on 12/29/2021.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $55,500,000
  • Square Footage: 177,600
  • Price per Square Foot: $313
  • Address: 5801 & 5811 Pelican Bay Blvd
  • Market: Naples

CRC Cos. acquired the property from Steelbridge Capital, Square2 Capital, and Apollo Global Management. Patrick Fraley from Investment Properties Corp. represented the buyer in the transaction. On the other side, Chris Drew, Hermen Rodriguez, Ike Ojala, and Matthew McCormack from JLL represented the sellers.

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Deals
  • Location
    5811 Pelican Bay Boulevard, Naples, FL 341085811 Pelican Bay Boulevard, Naples, FL 34108
  • Sale Price
    $55,500,000$55,500,000
    $312 PPSF$312 PPSF
  • Area
    177,600 SF177,600 SF
  • Asset Type
    OfficeOffice
  • Parties
    5 Brokers, 2 Agencies5 Brokers, 2 Agencies

Agents

Patrick Fraley

Patrick Fraley

Deals2
Sold$82.5M

Christopher (Chris) Drew

Christopher (Chris) Drew

Deals15
Financed$678.4M

Matthew (Matt) McCormack

Matthew (Matt) McCormack

Deals15
Sold$813.6M

Ike Ojala

Ike Ojala

Deals12
Financed$727.4M

Hermen Rodriguez

Hermen Rodriguez

Deals13
Sold$759.8M

Agencies

Investment Properties

Investment Properties

Agency
Deals7
Volume$189.4M

JLL

JLL

Agency
Deals5591
Volume$332.6B

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Deal Summary

SALE IMAGE: Chris Drew, Ike Ojala, Patrick Fraley, Hermen Rodriguez & Matthew McCormack DATE: 12/29/2021 ADDRESS: 5801 & 5811 Pelican Bay Blvd MARKET: Naples ASSET TYPE: Office ~ ACRES: 10 BUYER: CRC Cos. SELLER: Steelbridge Capital, Square2 Capital & Apollo Global Management BUYER'S REP: Patrick Fraley - Investment Properties Corp. SELLER'S REP: Chris Drew, Hermen Rodriguez, Ike Ojala & Matthew McCormack - JLL SALE PRICE: $55,500,000 SF: 177,600 ~ PPSF: $313

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5801 & 5811 Pelican Bay Boulevard

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