Log In/Sign Up
Your email has been sent.
Rasmussen University - Ocala 1227 SW 17th Ave 41,204 SF Office Building Ocala, FL 34471 $12,950,000 ($314.29/SF) 6.80% Cap Rate
EXECUTIVE SUMMARY
***Contact anthony.suarez@franklinst.com for more information
Franklin Street is pleased to offer to qualified investors a Medical Office property in Florida, leased to Rasmussen University, operating as an exclusive nursing campus. This Facility is dedicated to Rasmussen’s nursing program and provides Classrooms, Labs, and Hospital Simulation rooms as part of its Educational Programming. Plumbing and Electrical for medical uses are both in place at the Property. In February of 2024, the Primary Building was reconstructed along with the addition of the Expansion Space which added an additional 12,531 SF, bringing the total size to 41,204 SF.
- #1 Performing Rasmussen Location in Florida, Operating Exclusively as a Nursing Campus
- Medical Facility Fit with Plumbing & Electrical Operating Exclusively as a Nursing Campus
- Includes New Construction 12,531 SF Expansion Space & Fully Renovated Existing Space
- New 10-Year Amended and Restated Lease
- Strong NOI Growth with 2.5% Annual Increases
- No deferred Maintenance
- Transferrable Roof Warranties
- Attractive Parking Ratio of 5.34 per 1,000 SF
- 5Yr Anticipated Population Growth of 9.86% (2023-2028)
- Largest National Nursing & Health Sciences Educator with 20 Campuses Nationwide
- Main Hospital Systems nearby including UF Health, AdventHealth, HCA West Marion, and HCA Florida Ocala
- In Close Proximity to The Villages, America's #1 Master-Planned Community
- Located in Florida (No State Income Tax)
Franklin Street is pleased to offer to qualified investors a Medical Office property in Florida, leased to Rasmussen University, operating as an exclusive nursing campus. This Facility is dedicated to Rasmussen’s nursing program and provides Classrooms, Labs, and Hospital Simulation rooms as part of its Educational Programming. Plumbing and Electrical for medical uses are both in place at the Property. In February of 2024, the Primary Building was reconstructed along with the addition of the Expansion Space which added an additional 12,531 SF, bringing the total size to 41,204 SF.
- #1 Performing Rasmussen Location in Florida, Operating Exclusively as a Nursing Campus
- Medical Facility Fit with Plumbing & Electrical Operating Exclusively as a Nursing Campus
- Includes New Construction 12,531 SF Expansion Space & Fully Renovated Existing Space
- New 10-Year Amended and Restated Lease
- Strong NOI Growth with 2.5% Annual Increases
- No deferred Maintenance
- Transferrable Roof Warranties
- Attractive Parking Ratio of 5.34 per 1,000 SF
- 5Yr Anticipated Population Growth of 9.86% (2023-2028)
- Largest National Nursing & Health Sciences Educator with 20 Campuses Nationwide
- Main Hospital Systems nearby including UF Health, AdventHealth, HCA West Marion, and HCA Florida Ocala
- In Close Proximity to The Villages, America's #1 Master-Planned Community
- Located in Florida (No State Income Tax)
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
41,204 SF
Building Class
A
Year Built/Renovated
2008/2024
Price
$12,950,000
Price Per SF
$314.29
Cap Rate
6.80%
NOI
$880,600
Tenancy
Single
Building Height
1 Story
Typical Floor Size
41,204 SF
Building FAR
0.20
Lot Size
4.84 AC
Zoning
B4
Parking
220 Spaces (5.34 Spaces per 1,000 SF Leased)
1 1
PROPERTY TAXES
| Parcel Number | 23656-014-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,282,072 |
PROPERTY TAXES
Parcel Number
23656-014-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,282,072
1 of 9
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Rasmussen University - Ocala | 1227 SW 17th Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.