Press Releases
Marcus & Millichap Arranges $2.5 Million Sale of Industrial Property in Naples, Florida
June 24, 2025
NAPLES, Fla., June 24, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a 15,428-square-foot industrial warehouse in Naples, Florida, for $2.5 million.
“This transaction underscores the strong demand for industrial real estate in Southwest Florida,” said Zach Levine, Associate Director of Investments. “Naples continues to attract attention from investors due to its supply constraints, low vacancy rates, and increasing rents, which are driving continued market strength.”
Levine and Douglas Mandel, executive managing director of investments in Marcus & Millichap’s Fort Lauderdale office, procured the buyer in the transaction, Redfearn Capital.
Built in 1999, the industrial property is located at 1447 Rail Head Blvd. in Naples’ Rail Head Industrial Park, a well-established business corridor in North Naples. The facility includes 11 drive-in doors measuring 8 feet wide by 10 feet high, 45 surface parking spaces, and offers a parking ratio of 2.92 spaces per 1,000 square feet.
“This transaction underscores the strong demand for industrial real estate in Southwest Florida,” said Zach Levine, Associate Director of Investments. “Naples continues to attract attention from investors due to its supply constraints, low vacancy rates, and increasing rents, which are driving continued market strength.”
Levine and Douglas Mandel, executive managing director of investments in Marcus & Millichap’s Fort Lauderdale office, procured the buyer in the transaction, Redfearn Capital.
Built in 1999, the industrial property is located at 1447 Rail Head Blvd. in Naples’ Rail Head Industrial Park, a well-established business corridor in North Naples. The facility includes 11 drive-in doors measuring 8 feet wide by 10 feet high, 45 surface parking spaces, and offers a parking ratio of 2.92 spaces per 1,000 square feet.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
