Rasmussen University - Ocala | 1227 SW 17th Ave
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Rasmussen University - Ocala 1227 SW 17th Ave
41,204 SF Office Building Ocala, FL 34471 $12,950,000 ($314/SF) 6.80% Cap Rate
Investment Highlights
- Medical Facility Fit with Plumbing and Electrical Operating Exclusively as a Nursing Campus
- Strong NOI Growth with 2.5% Annual Increases
- Top Three Performing Location Within the Rasmussen System
- New 10-Year Amended and Restated Lease
- NN+ Lease (Minimal Landlord Responsibilities)
- Largest National Nursing & Health Sciences Educator with Campuses Nationwide
Executive Summary
Franklin Street is pleased to offer to qualified investors a Medical Office property in Florida. The Property totals 41,204 SF and sits on 4.84 acres. Originally built in 1975, extensive renovations were completed in 2008 including plumbing and electrical. Most recently, the Property’s Expansion Space was completed in February of 2024, adding an additional 12,531 SF, which included a reconstruction of the primary building (28,673 SF).
Property Facts
Sale Type
Investment
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
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)
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PROPERTY TAXES
| Parcel Number | 23656-014-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,214,860 |
PROPERTY TAXES
Parcel Number
23656-014-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,214,860
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Rasmussen University - Ocala | 1227 SW 17th Ave
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