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Automotive Management Services buys Davis Boulevard dealership site


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  • | 10:00 a.m. November 21, 2014
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BUYER: TT of Naples Inc. (officers: Terry Taylor, Nancy Cera and Stephen Terry), West Palm Beach
SELLER: Liebig Management Inc.
PROPERTY: 3147 Davis Blvd., Naples

PRICE: $2.3 million
PREVIOUS PRICE: $800,000, February 2012
LAW FIRM ON DEED: Law Office of Conrad Willkomm PA, Naples

PLANS, DESCRIPTION:
Terry Taylor's West Palm Beach-based Automotive Management Services Inc. purchased a 12,000-square-foot auto dealership for $2.3 million.

The price equated to $192 per square foot. That figure is higher than the two-year average price per square foot for retail space ($144) in Southwest Florida, according to the CoStar Group.

The 2.16-acre property has served as the high-end pre-owned vehicle dealership Ambassador Luxury & Exotic Cars since 2012. The building features 4,000 square feet of office space, 4,000 square feet of showroom space and 4,000 square feet of service space.

The C-5 zoning allows the dealership to sell both new and used automobiles.

The site will likely be used by Naples Luxury Imports, a dealership that sells Bentley, Maserati, Rolls-Royce, Land Rover, Jaguar and Aston Martin vehicles.
Richard Curry, a Realtor with Jones & Co. Realty, represented the seller.

“The seller came in and completely redid the first floor,” Curry says. “They also put in a turn lane off of Davis Boulevard and put in new landscaping and fencing.”

The purchase entity, TT of Naples Inc., mortgaged the property to Wells Fargo Bank NA for $1.84 million.

 

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