Naples Industrial Building Sold

Oakes sells industrial property

The Naples food provider Meals of Hope has bought an industrial building from Oakes Farm. The 18,271-square-foot property is at 4176 Mercantile Ave. CRE Consultants, which represented Alfie Oakes’ farm operation in the deal, says it sold for $6.5 million. Oakes Farm paid $3.32 million for the property in 2017. A LoopNet profile of the building shows it has 9,200 square feet of cold storage and an additional 1,917 square feet of storage on the second floor. There is a 4,200-square-foot warehouse, along with office space totaling 2,667 square feet. Meals of Hope packs meals distributed to families and individuals in need. CRE Consultants Dave and David Wallace represented Oakes. Jacques Groenteman of John R Wood Properties represented Meals of Hope.