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
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