3698 NW 15th St - Eagles Nest Charter School
31,667 SF Specialty Building Offered at $7,500,000 at a 5.53% Cap Rate in Lauderhill, FL 33311
INVESTMENT HIGHLIGHTS
- Grades served KG- 12
- Lease Term Sept. 1, 2019-Aug. 31, 2024
- Tenant has exercised Option
- Enrollment 2022-23 284
- Options 3-5 years
- Rent Type: NNN - Net Rent 2023/2024 $406,908
EXECUTIVE SUMMARY
This is a single tenant, 31,667sf, freestanding charter school. Eagles Nest Charter School, opened in 2005, has the potential and upside capacity to grow its enrollment. There are more than 21 classrooms and 50 parking spaces and school zoning in place. The lease is a NNN lease. Tenant pays all expenses and operating costs.
PROPERTY FACTS
| Price | $7,500,000 |
| Price Per SF | $237 |
| Sale Type | Investment |
| Cap Rate | 5.53% |
| Property Type | Specialty |
| Property Subtype | School |
| Building Class | C |
| Lot Size | 2.08 AC |
| Building Size | 31,667 SF |
| No. Stories | 1 |
| Year Built | 1989 |
| Parking Ratio | 1.58/1,000 SF |
| Opportunity Zone |
Yes |
PROPERTY TAXES
| Parcel Number | 49-42-31-24-0027 | Improvements Assessment | $3,205,350 |
| Land Assessment | $1,262,340 | Total Assessment | $4,467,690 |
ZONING
| Zoning Code | IL (Zone IL with approval for Charter School) |
