facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Office

/

Sale

/

24211 Walden Center Drive, ...

Heart Partners LLC Acquires Office And Mixed-use Properties In Estero, Bonita Springs & North Naples For $12.9M
SOLDOffice

Heart Partners LLC Acquires Office And Mixed-use Properties In Estero, Bonita Springs & North Naples For $12.9M

24211 Walden Center Drive, Estero, Florida 34134, United States

$12,900,000

Building Size

Asset Type

Office

Closing

Apr 24, 2022

AI

The recently closed property transaction involves the sale of an office and mixed-use asset located at 24201,24211 Walden Center Drive, 26251 S. Tamiami Trail & 9180 Galleria Court in Estero, Bonita Springs, and North Naples. The property, which encompasses a total of unknown square footage, was sold for a price of $12,900,000.

Summary of transation details

  • Property Type: Office, Mixed-use
  • Transaction Amount: $12,900,000

The buyer in this transaction is Heart Partners LLC, while the seller is The Park Apartments & Monroe Management Company. Representing the buyer in the deal were Matt Stepan, Andrew DeSalvo, and Jeffrey Clapper from Premier Commercial Inc. On the other hand, Biagio Bernardo from Lee & Associates acted as the seller's representative.

Players

Biagio Bernardo

Lee & Associates

Broker

$12.9M

vol

1 deal

Broker

Estero Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.23%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93