4243 US-92 - Schools FOR SALE


Sanford, FL 32773
$2,529,000 USD
602-541-1019
4243 US-92, Sanford, FL for Sale
$2,529,000 USD
Schools - FOR SALE
1/6
null | 7% Cap Rate

4243 US-92
Sanford, FL 32773


HIGHLIGHTS

  • 9+ Years Remaining on Primary Lease Term
  • 10% Rental Increases Every 5 Years With Multiple Renewal Options
  • The Tenant Recently Renewed Its Charter Contract With Seminole County Public Schools Through 6/30/2031
  • Corporate Guaranty by Second Mile Education
  • New Roof Installed in 2022
  • All AC Units Have Recently Been Replaced

OVERVIEW

Second Mile Education is a leading provider of Dropout Prevention and Recovery Programming (DPRP), they have a commitment to operating outside of the conventional academic model and going above and beyond in their investment in the success of each student. Second Mile Education operates 27 charter schools across 12 counties with an educational model built on three pillars of being flexible, personalized, and supportive. Sanford, Florida, is the historic county seat of Seminole County, located on the southern shore of Lake Monroe about 20 miles northeast of Orlando and is home to approximately 66,000 residents. Sanford is home to Seminole State College of Florida and the Central Florida Zoo and Botanical Gardens.

FOR SALE DETAILS

PRICE

$2,529,000 USD

PRICE/SF

$204 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2nd Mile Education (Elevation High School)

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.93 AC

LAND SF

84,071 SF

ZONING

Commercial

APN/PARCEL ID

22-20-30-519-0000-0010

ASK ABOUT THIS PROPERTY

Spencer BerkleyMarcus & MillichapMore Info
602-541-1019

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Spencer BerkleyMarcus & MillichapMore Info
602-541-1019

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.