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Hoffmann CRE Pays $14M for Naples Retail

NRE Design Park Sells FortyOne Ten Design Park Bldg
January 23, 2018
Hoffmann Commercial Real Estate acquired the FortyOne Ten Design Park retail building at 990 1st Ave. N in Naples, FL from NRE Design Park LLC for $14 million, or approximately $1,211 per square foot.

The two-story, single-tenant building delivered in 2015, located 3.4 miles west of the Naples Municipal Airport. It totals 11,560 square feet and is solely occupied by Design Studio by Raymond.

David Stevens, CCIM of Investment Properties Corporation represented the seller in the transaction.

Please see CoStar COMPS #4108875 for more information on this transaction.
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