Brokers with CRE Consultants recently closed more than $30 million in sales in Southwest Florida.
Leading the list of notable transactions was the $16 million sale of the Regions on Fifth building at 1100 5th Avenue South in Naples. Randal Mercer, Scott Dunnuck and Brandon Stoneburner negotiated the deal.
The 52,708sf Class-A office tower and parking structure is situated on 1.56 acres at the southeast corner of 5th Avenue South and 11th Street South, in the heart of Naples. The iconic property is fully stabilized and for the past 12 years has boasted an average occupancy of 90%. It was under contract within 60 days of coming to market and sold for a 6.25% cap rate.
1100 5th Ave., LLC, purchased the property as an investment from 1100 Building, LLC.
Other sales from CRE:
• Horizon Park Investments, LLC: 16-acre parcel on the southeast corner of I-75 and Bonita Beach Road, Bonita Springs, from Jerry F. Nichols for $4.8 million. (William Wolf)
• 997 Collier Properties, LLC: 22,165sf office condos in Royal Palm Professional Center at 971- 989 Collier Blvd., Marco Island, from HHL Properties, Inc. and Peredon, LLC for $4.3 million. (Dave Wallace, CCIM, SIOR and Biagio Bernardo)
• Cypress Professional Building, Inc.: 31,424sf Class-A medical office building at 25097 E. Olympia Avenue, Punta Gorda, from National Bank of Commerce for $3,525,000. (Enn Luthringer, CCIM)
• Clear Choice RE Holdings, LLC: 13,615sf industrial building at 1092 Business Lane, Naples, from J.A. McKinney Properties, LLC for $2 million. (Biagio Bernardo and Bill Young)
• FRE III, LLC: 4,896sf Capital Pawn Building at 1515 Del Prado Boulevard, Cape Coral, from 1515 Del Prado, LLC for $925,000. (Dave Wallace, CCIM, SIOR)
• HBK Naples Realty, LLC: 10,692sf Iberiabank building with drive-thru at 3838 Tamiami Trail, Suite 200, Naples, from Iberiabank for $2.2 million. (Randal Mercer and Brandon Stoneburner)
• Jardy W, LLC: 5,733sf office building at 2121 McGregor Boulevard, Fort Myers, from Thomas F. Kiesel and Hilbert D. Kiesel for $725,000. (Enn Luthringer, CCIM)
• Store Pro Lehigh, LLC: 2.17- acre commercial site in Westgate Regional Centre at 5500 Dallas Street, Lehigh Acres, from Florida Landmark Communities, LLC for $400,000. (Fred Kermani, CCIM)
• Shanahan Enterprises of Florida, LLC: 6,600sf fully leased, multi-unit warehouse at 2294 Bruner Lane, Fort Myers, from Bran-Col, LLC for $388,000. (Stan Stouder, CCIM)
• Kilei, LLC: 5,250sf freestanding warehouse building at 7525 Aluminum Road, North Fort Myers, from Jari Juhani Vainio for $350,000. (Randal Mercer, Brandon Stoneburner and Nicole Gray)
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