Class A Office
24301 & 24311 Walden Center Dr Bonita Springs, FL 34134
For Sale
Contact for pricing
Two Class A office buildings in Bonita Springs, Florida.
Property Size94,776 SF
Price / SF$189.39
Days on Market130
Property Features for 24301 & 24311 Walden Center Dr
General Information
- Standard status
- Active
- Size
- 94,776 SF
- Property subtype
- Office
Building Details
- Year Built
- 1997
Listing Agency:
Colliers - Fort Myers, Florida
Listed By:
Brandon Stoneburner · License #SL 3099587
Source:
Crexi
Added: Mar 18
Changed: Jul 6
Last Checked: Jul 24 at 12:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Fort Myers, Florida
Investment Insights
Based on property information with market context.
The property consists of two three-story Class A office buildings, totaling 94,776 rentable square feet. Constructed in 1997 and renovated in 2018/2019, the property has undergone substantial modernization, with considerable capital enhancements. These include a recent roof replacement, signage upgrades, LED lighting throughout, complete renovation of twelve restrooms, new carpeting and paint, and extensive tenant improvement work. The property is positioned as a premier office asset in the submarket. It is located within a lakefront campus with immediate regional access and daily amenities. The property is currently 83.42% occupied and presents an opportunity to acquire a signature asset in the rapidly growing Village of Estero/Bonita Springs submarket. The Class A office market is experiencing increasing demand from companies seeking locations in Lee and Collier County, and is poised for continued rent growth and demand that outperform national trends.
Key Highlights
- Premier Class A office asset in the rapidly growing Village of Estero/Bonita Springs submarket.
- Significant modernization with renovations in 2018/2019 and considerable capital enhancements.
- Core‑Plus investment with near term value‑add through lease‑up and rent growth.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $2.37M | $24.96 |
| − Vacancy | −$194.0k | −$2.05 |
| EGI | $2.17M | $22.91 |
| − OpEx | −$542.9k | −$5.73 |
| NOI | $1.63M | $17.18 |
94,776 SF · lease $24.96/SF/yr · vacancy 8.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$23.27M
$20.36M – $27.15M
NOI $1,628,722 @ 7.0% cap · market cap 9.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$29.83M
$26.10M – $34.80M
NOI $2,088,105 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Best Home Services
Hardware & Home Improvement
Webfitters
Marketing & Advertising
Transport Studios, LLC
Marketing & Advertising
WCI Golf Group ...
Golf Course
WCI Communities
Construction Company
FAQs
What type of property is this?
Office building - Two Class A office buildings in Bonita Springs, Florida.
Where is this office building located?
The property is located at 24301 & 24311 Walden Center Dr Bonita Springs, FL.
What is the asking price?
The asking price for this property is $17,950,000.
What are key features of this property?
This property features: Premier Class A office asset in the rapidly growing Village of Estero/Bonita Springs submarket.; Significant modernization with renovations in 2018/2019 and considerable capital enhancements.; Core‑Plus investment with near term value‑add through lease‑up and rent growth.
