Naples real estate investors buy most of Del Mar Retail Center

BUYER: 7795 Davis LLC (principals: James and Christopher Shucart), Naples
SELLER: ICV Naples LLC
PROPERTY: 7785 Davis Blvd., units 201-209, Naples
PRICE: $1.88 million
LAW FIRM ON DEED: Cheffy Passimomo PA, Naples

PLANS, DESCRIPTION: Naples investors James Shucart and his son Christopher Shucart purchased 85% of the condominium units in the Del Mar Retail Center for $1.88 million.

The price equated to $74 per square foot. That figure is lower than the two-year average price per square foot for retail space ($140) in Southwest Florida, according to the CoStar Group.