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1821 Town Center Blvd Flemi...

Marcus & Millichap Sells O2B Kids School In Fleming Island For $4.16M
SOLDSchool

Marcus & Millichap Sells O2B Kids School In Fleming Island For $4.16M

1821 Town Center Blvd Fleming Island, FL 32003, USA

$4,165,000

$173/SF

Building Size

24,000 SF

Asset Type

School

Closing

Aug 15, 2023

AI

A 24,000-square-foot net-leased school property in Fleming Island, Florida has been sold for $4.16 million. The property, located at 1821 Town Center Boulevard, was sold by Marcus & Millichap Real Estate Investment Services of Florida. The transaction was managed by Senior Managing Director Dominic Sulo and a team from Marcus & Millichap's Chicago Oak Brook office.

Summary of Transaction Details

  • Property Type: School
  • Transaction Amount: $4,165,000
  • Address: 1821 Town Center Boulevard, Fleming Island
  • Square Footage: 24,000
  • Price Per Square Foot: $174
  • Brokers: Dominic Sulo, Ryan Engle, Andrean Angelov, Jake Lenti - Marcus & Millichap
  • Market: Fleming Island

The sale of the school property was facilitated by Marcus & Millichap Real Estate Investment Services of Florida. Dominic Sulo, the Senior Managing Director, along with his team from Marcus & Millichap's Chicago Oak Brook office, played a key role in managing the transaction.

Players

Dominic Sulo

Marcus & Millichap

Broker

$148.8M

vol

22 deals

Broker

Fleming Island School Market Snapshot

Boundary boundary · School · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.81%

Cash-on-Cash

-1.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93