***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)