Investor sells Naples industrial property it bought in July

A Delray Beach firm has sold an industrial property in Naples that it just bought in July.

Redfearn Capital sold the property at 1447 Rail Blvd. for $3.26 million after paying $2.5 million for it a few months back. The buyer was not disclosed, and Collier County property records have not been updated.

The flip is a bit of surprise give that before Redfearn picked it up earlier this year, the property had only had one owner in the previous 27 years: K & N Properties in Naples, which paid $192,400 for it in 1998.