Naples investment entity buys large flex building

BUYER: Bonita Commerce Center LLC (principal: Brooke Mitchell), Naples
SELLER: HMTW II
PROPERTY: 25150 Bernwood Drive, Bonita Springs
PRICE: $2.04 million
PREVIOUS PRICE: $1.72 million, June 2010
LAW FIRM ON DEED: Craig D. Blume, Esq.

PLANS, DESCRIPTION: Bonita Commerce Center LLC, a Naples purchase entity led by Brooke Mitchell, purchased a 38,529-square-foot flex (office/warehouse) building in Bernwood Business Park for $2.04 million.

The price equated to $53 per square foot. That figure is near the two-year average price per square foot for industrial space ($50) in Southwest Florida, according to the CoStar Group.