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3355 Imagine Way
West Melbourne, FL 32904
Imagine Schools at West Melbourne · Specialty Property For Sale
·
54,687 SF

Property Facts
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | School | Year Built | 2008 |
| Building Class | C | Tenancy | Single |
| Lot Size | 10.00 AC | Parking Ratio | 2.03/1,000 SF |
| Building Size | 54,687 SF | ||
| Zoning | R-2 | ||
| Property Type | Specialty |
| Property Subtype | School |
| Building Class | C |
| Lot Size | 10.00 AC |
| Building Size | 54,687 SF |
| No. Stories | 1 |
| Year Built | 2008 |
| Tenancy | Single |
| Parking Ratio | 2.03/1,000 SF |
| Zoning | R-2 |
About 3355 IMAGINE WAY , WEST MELBOURNE, FL 32904
Capital Pacific is pleased to present the opportunity to acquire Imagine West Melbourne, an established charter school investment located in West Melbourne, Florida. The 54,687 square foot facility is offered to investors on a fee simple and absolute NNN basis. The property is leased to Imagine Schools, Inc. for an initial term of 20 years, with 14 years remaining. The lease includes 3% annual rent increases, as well as four 5-year options to extend after the initial term. The lease is backed by the strong underlying credit of Imagine Schools, one of the largest public charter networks in the U.S. with 75 schools in operation serving over 32,000 students and annual revenue over $300 million. The Property is located in West Melbourne, FL, a city with over 144,000 residents in a 5-mile trade area. The area is part of Florida’s “Space Coast”, which includes NASA’s Kennedy Space Center and growing aerospace companies such as SpaceX and Blue Origin. This presence has an economic impact of $4 billion and 24,000 jobs. The campus is centrally located near Palm Bay Road NE (40,000 VPD) and I-95 (80,000 VPD), which includes the city’s major retail hub including Walmart, Target, Publix, and more. The area has a school-age population of over 17,000 children in the K-8th grade age range residing within a 15-minute radius.
Property Taxes
| Parcel Number | 28-37-20-00-00262.0-0000.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $6,785,260 |
Property Taxes
Listing ID: 18839792
Date on Market: 3/12/2020
Last Updated:
Address: 3355 Imagine Way, West Melbourne, FL 32904
The Specialty Property at 3355 Imagine Way, West Melbourne, FL 32904 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
