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
Fleming Island School Market Snapshot
Boundary boundary · School · Sale transactions
Loading comparables…
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