Milan Center sells for $1.9 million
North Naples Milan Center
We closed today on a transaction for the sale of the North Naples Milan Center, a two story office building on US 41 just north of the Mercato at Vanderbilt Beach Road in Naples, Florida. The building is approximately 12,000 square feet, and sold for $1.9 million to a local user. The seller was Capital Bank, who had used it as an operations center after receiving possession of the property from the prior owner. Dougall McCorkle of Premier Commercial represented both buyer and seller in this transaction.
As the economy continues to improve, most of the bank-owned properties are working their way through the system and back into private ownership. The Milan Center is a perfect example of this; with its great North Naples location and visibility directly on US 41 just north of the extremely popular Mercato shopping center, it should be a strong user-owned property going forward.
If you are interested in learning more about this property, or about the Southwest Florida real estate market in general, contact Dougall McCorkle to learn more.
Dougall McCorkle, MBA
Sales Associate and Commercial Specialist
Premier Commercial, Inc., Licensed Real Estate Brokers
Direct: 239.213.7234
Cell: 239.860.3368
dougall@premiermail.net