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Hoffmann CRE Acquires Naples Buildings

SVM Bldg Sells Downtown Portfolio
January 23, 2018
Hoffmann Commercial Real Estate purchased a portfolio of downtown Naples office and retail properties totaling approximately 8,802 square feet for $10.5 million.

SVM Building LLC sold the buildings, located at 350, 360, 370 and 382 12th Ave. S. This acquisition only involved the commercial retail space, not any of the residential condominium units in the buildings.

Hoffmann Commercial now owns more than 20 buildings in Southwest Florida. They have previously stated they will buy additional assets in the region.

David Stevens, CCIM with Investment Properties Corporation represented the seller and was the sole broker on the sale.

For more information on this transaction, please see CoStar COMPS #4109016.
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