North Naples commercial property fetches $5.5 million

A nearly 38-acre commercial property in North Naples has changed hands for more than $5.5 million.

But what the future holds for the undeveloped property is unclear.

The sale involved three neighboring parcels at 14295 and 14335 Collier Blvd., between Immokalee and Vanderbilt Beach roads.

Voila II LLC sold the property to another limited liability company, We Have Arrived, which formed in April.

The deal was brokered by Randy Thibaut and Doug Meschko, with Fort Myers-based Land Solutions Inc., a leading real estate brokerage and development firm in Southwest Florida.

"The property was on the market for about a year," Thibaut said. "There were several interested parties. The seller selected the current buyer." 

The new owner, he said, is looking at the property as a "mid- to long-term investment hold." The property includes 9 acres fronting Collier Boulevard.

Although there are no immediate plans to develop the land, it already has flexible commercial zoning, Thibaut said. Approved uses include assisted living and multifamily residential for rent or sale.

The new owners have made land investments in Southwest Florida for more than two decades, Thibaut said.

State records show Jeffrey Seitz, of Iowa, as the manager and Michael Kerver, of Fort Myers, as the vice president of We Have Arrived.

Developing the property will take time, as the land will need to be cleared, and it will require a new road and other infrastructure. The new road will connect to the Winn-Dixie-anchored shopping plaza off Mission Hills Drive nearby.

The purchase price, Meschko said, was comparable to recent commercial sales in the area. 

"Considering you have to build a frontage road, taking that into consideration, it's probably right in line with what most of the other people are paying," he said.

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