New Jersey Investor Acquires La Petite Academy In North Port For $3.64 Million
2700 Bobcat Village Center Road
$3,640,000
$180/SF
Building Size
20,218 SF
Asset Type
School
Closing
Aug 14, 2026
About this deal
AI
The property asset involved is a school located at 2700 Bobcat Village Center Road in North Port, FL. This asset type encompasses 2 acres and offers 20,218 square feet of space. The sale price was $3,640,000, translating to a price per square foot of $180.
Summary of transation details:
- Property Type: School
- Transaction Amount: $3,640,000
- Address: 2700 Bobcat Village Center Road
- Market: North Port, FL
- Asset Size: 20,218 SF
- Price Per SF: $180
- Brokerage Firm: Marcus & Millichap
- Brokers: Dominic Sulo, Don McMinn & Ryan Nee
- Lease Type: Corporate-backed triple-net lease
- Remaining Lease Term: 8 years
- Buyer: New Jersey investor
- Seller: LLC tied to Realty Income
A New Jersey investor conducted the acquisition through a 1031 Exchange, further detailing the transaction's structure. The property is leased to La Petite Academy, which provides operational stability under the terms of the remaining lease period.
On the Map
$3,640,000
$180/SF
School
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Players
Jacksonville 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
4.36%
Cash-on-Cash
-1.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93