Naples investor group buys Davis auto dealership site

BUYER: 2625 Davis LLC (manager: Peter Takos), Naples
SELLER: Darlene Lofgren, individually and as trustee of the Darlene Stoneburner Lofgren Revocable Trust
PROPERTY: 2625 Davis Blvd., Naples
PRICE: $1.95 million
PREVIOUS PRICE: $250,000, December 1989
ATTORNEY ON DEED: Edward Bryant Jr. Esq., Naples

PLANS, DESCRIPTION:
A Naples investor group led by Peter Takos purchased a 2.88-acre former Hyundai auto dealership parcel for $1.95 million.

The price equated to about $108 per square foot. That figure is less than the two-year average price per square foot for retail space ($144) in Southwest Florida, according to the CoStar Group.