Litton Interior Design building sells for $1.48 million

BUYER: Ninety Six 01 LLC (principals: Jan and Kim Kantor and Raymond and Anette Ciccarelli), Naples
SELLER: H.D. Litton Inc.
PROPERTY: 9601 Tamiami Trail N., Naples
PRICE: $1.48 million
PREVIOUS PRICE: $800,300, June 1995
LAW FIRM ON DEED: Bond Shoeneck & King PLLC, Naples

PLANS, DESCRIPTION: Two Partners of Ciccarelli Advisory Services Inc., Kim Ciccarelli Kantor and Raymond Ciccarelli, and Jan Kantor and Annette Ciccarelli purchased the 7,450-square-foot Litton Interior Design building for $1.48 million.

The price equated to $198 per square foot. That figure is higher than the two-year average price per square foot for office space ($120) in Southwest Florida, according to the CoStar Group.

David J. Stevens and Clint Sherwood of Investment Properties Corp. represented the seller and Dougall McCorkle of Premier Commercial Inc. represented the buyer.

“They were attracted to its location on U.S. 41 in the North Naples market,” McCorkle says. “The building is the right size and met their needs.”

Speaking through McCorkle, the buyers declined to comment at this time on the purchase.

Ciccarelli Advisory Services is a family wealth management firm.

Ninety Six 01 LLC mortgaged the building to First National Bank of the Gulf Coast for $1.18 million.