Naples
South Florida investor buys fully-leased warehouse
A 15,428-square-foot warehouse in Naples’ Rail Head Industrial Park has sold. The buyer is the Delray Beach private equity real estate firm Redfearn Capital. which paid $2.5 million. The warehouse is at 1447 Rail Head Boulevard off of Old 41 Road. Redfearn, on its website, says the warehouse has 11 drive-in doors and 18 feet clear heights. It was built in 1999 and is fully leased by eight tenants. The warehouse’s previous owner was K & N Properties in Naples, which paid $192,400 in 1998. Redfearn was founded in 2014 and oversees $770 million in assets totaling 4.9 million square feet. The company says it has more than 250 active tenants in three states. Of its properties, eight are along the Gulf Coast, including another on Rail Head Boulevard, an 108,000-square-foot warehouse. The sale of the latest Naples warehouse was brokered by Marcus & Millichap. The firm’s Zach Levine and Douglas Mandel represented Redfearn…