Best Homes Services owners buy Rail Head flex building

BUYER: Railhead Boulevard of Naples LLC (principals: Chadd and Keegan Hodges), Bonita Springs
SELLER: St. John's Corp.
PROPERTY: 1455 Rail Head Blvd., Naples
PRICE: $1.6 million
PREVIOUS PRICE: $741,800, July 1999
LAW FIRM ON DEED: Pavese Law Firm, Fort Myers

PLANS, DESCRIPTION:
An investment group led by Chadd and Keegan Hodges, owners of Best Homes Services, purchased a 39,682-square-foot industrial building for $1.16 million.

The price equated to $40 per square foot. That figure is less than the two-year average price per square foot for industrial space ($90) in the Southwest Florida, according to the CoStar Group.