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BUYER: PJJ Holdings LLC (principal: Peter Jaffe), Naples
SELLER: MKK Holdings LLC
PROPERTY: 1865 Veterans Park Drive, Naples
PRICE: $1.04 million
PREVIOUS PRICE: $1.62 million, July 2004
LAW FIRM ON DEED: Law Office of Antonio Faga, Naples
PLANS, DESCRIPTION: Dr. Peter Jaffe of Naples-based Jaffe Sports Medicine & Rehabilitation purchased the 5,900-square-foot first floor in the Veterans Park Commons condominium for $1.04 million.
The price equated to $176 per square foot.
David Wallace of CRE Consultants represented the seller.
“They are leasing space fairly close by in Cypress Crossing,” Wallace says. “He felt it was a good time to buy as part of their long-range plan. This way they remain close to the hospital, and it allows him to own and design the interior of his own facility.”
The three-story, 27,000-square-foot condominium building was built in 2004.
Calls to Jaffe Sports Medicine & Rehabilitation for comment were not returned prior to deadline.
The purchase entity PJJ Holdings LLC mortgaged the property to Gibraltar Private Bank & Trust Co. for $937,500.
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