Class A Office Buildings
For Sale
Contact for pricing
24301 Walden Center Dr, Bonita Springs, FL 34134
Two three-story Class A office buildings total 94,776 RSF, renovated in 2018–2019 and updated with modern systems and finishes.
Property Size94,776 SF
Price / SF$189.39
Days on Market179
Property Features for 24301 Walden Center Dr
General Information
Standard status
Active
Size
94,776 SF
Class
A
Property subtype
OFFICE
Occupancy
83%
Building Details
Year Built
1997
Year Renovated
2019
Listing Agency:
Colliers | Fort Myers
(239) 418-0300
Listed By:
Brandon Stoneburner · License #SL3099587
(239) 985-8074
Source:
Moodyscre
Added: Apr 20
Changed: Oct 14
Last Checked: Oct 15 at 1:45AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Walden Center is a two-building, three-story Class A office campus totaling 94,776 rentable square feet (RSF). Constructed in 1997 and renovated in 2018–2019, the property has undergone substantial modernization and recent capital improvements aimed at supporting a contemporary workplace environment.
Enhancements include a recent roof replacement, signage upgrades, LED lighting throughout, full renovation of twelve restrooms, new carpeting and paint, and extensive tenant improvement work. The campus is currently 83.42% occupied.
This offering is presented as a Core-Plus investment with defined near-term value-add through remaining lease-up and mark-to-market rent growth.
Enhancements include a recent roof replacement, signage upgrades, LED lighting throughout, full renovation of twelve restrooms, new carpeting and paint, and extensive tenant improvement work. The campus is currently 83.42% occupied.
This offering is presented as a Core-Plus investment with defined near-term value-add through remaining lease-up and mark-to-market rent growth.
Key Highlights
- Walden Center in Bonita Springs features two 3‑story Class A office buildings totaling 94,776 RSF.
- Built in 1997 and renovated in 2018/2019 with substantial modernization and updated workplace finishes.
- Recent capital enhancements include roof replacement, signage upgrades, and LED lighting throughout.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,628,722
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$32,574,440
$32.6M
Cap Rate 7%
$23,267,457
$23.3M
Cap Rate 9%
$18,096,911
$18.1M
Market Conditions
NOI Build-Up for 94,776 SF
Gross rent
$2.37M $24.96/SF
− Vacancy
−$194.0K −$2.05/SF
EGI
$2.17M $22.91/SF
− OpEx
−$542.9K −$5.73/SF
NOI
$1.63M $17.18/SF
Area
Lee County, FL
Vacancy
8.20%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$32,574,440
Cap Rate 7%
$23,267,457
Cap Rate 9%
$18,096,911
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
83.4%
Occupancy
Location Intelligence
Trade Area within ½ mile
854
Businesses Nearby
Explore this area
Business Placement
Demographics for 34134, FL
15,906
Population
15,051
Households
1.1
Avg Household Size
70
Median Age
55%
College-Educated
98%
High-School Grad
13.4 sq mi
ZIP Area
1,187
Density / Sq Mi
$122,102
Median Household Income
$56,170
Median Earnings
$1,814
Median Rent
$659,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Two three-story Class A office buildings total 94,776 RSF, renovated in 2018–2019 and updated with modern systems and finishes.
Where is this office building located?
The property is located at 24301 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: Walden Center in Bonita Springs features two 3‑story Class A office buildings totaling 94,776 RSF.; Built in 1997 and renovated in 2018/2019 with substantial modernization and updated workplace finishes.; Recent capital enhancements include roof replacement, signage upgrades, and LED lighting throughout.
