IberiaBank adds branch, buys former Riverside branch

BUYER: IberiaBank, New Orleans

SELLER: 5247 Golden Gate LLC

PROPERTY: 5247 Golden Gate Parkway, Naples

PRICE: $925,000

PREVIOUS PRICE: $375,000, October 2011

LAW FIRM ON DEED: Jones, Walker, Waechter, Poitevent, Carrère & Denègre LLP, Miami

PLANS, DESCRIPTION: IberiaBank purchased a 6,400-square-foot freestanding bank branch building for $925,000.

The price equated to $144 per square foot.

The building was built in 2005 to house Riverside Bank.

Dan O'Berski, Matt Fredrickson, Walt Nelson and Tony Mangione of Trinity Commercial Group represented the seller and Bryan Myers of LandQwest Commercial represented the buyer.

“This was a turnkey bank branch with a drive through, and IberiaBank needed a presence in the corridor,” says Myers. “The branch was built, but never occupied. They want to occupy it as soon as possible, hopefully prior to 2013.”