Olympus Ventures added Fifth Third Center at 999 Vanderbilt Beach Rd. in Naples, FL to its portfolio in a $49,923,000 ($310 per square foot) deal with FTC Naples LLC, a joint venture of Edgemere Enterprises, Inc. and The Crawford Group LLC.
The 161,000-square-foot, eight-story, class A office building
was originally constructed in 2002, and is noted as the largest office building in Collier County. It is located at the northeast corner of US 41, and is home to multiple long-term tenants including professional law offices, Naples Executive Suites and Fifth Third Bank.
Dougall McCorkle, Andrew DeSalvo and Matt Stepan, CCIM with Premier Commercial, Inc. represented the buyer. Clint Sherwood, CCIM and Craig Timmins, CCIM of Investment Properties
Corporation represented the sellers.
Please see CoStar COMPS #2564078 for additional information on this transaction.