Matthews™ Broker $9.9M Sale of FL Imagine Charter School

Sarasota, FL– Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, completed the sale of a Florida Imagine Charter School, located at 1000 Innovation Avenue, North Port, FL. The property is one of Imagine Charter’s best-performing schools on the East Coast, with 55 total locations across the U.S. The transaction closed at $9,935,000 and was handled by Associate Daniel Gonzalez and Vice President and Regional Director Johnny Blue Craig.

 

Matthews™ represented the seller, a private client, who was looking to capitalize on the thriving Florida commercial real estate market. The over 36,000 square foot product is located in an affluent submarket of Sarasota and included a short-term lease.

 

“Although a short-term lease can intimidate buyers, we were able to source investors who understand the value of having an A school as a tenant and the large capacity the building offered,” Gonzalez said. “Charter schools are a niche sector of real estate but with our connections, marketing efforts, and market knowledge we found a credible buyer within our client’s timeframe.”

 

The buyer, an international investor, recently began to dispose of residential assets and was interested in acquiring high-performing assets with the potential for higher yields. The Imagine Charter School fits these criteria, as it reports higher yields than most single-tenant buildings in the area.

 

“We were able to make the transaction as seamless as possible between buyer, seller, and loan originator,” Craig said. “We managed the process from start to finish and closed by the end of year, accomplishing our client’s goal.”

 

For more information or to contact Daniel Gonzalez and Johnny Blue Craig, please visit www.matthews.com.

 

About Matthews™

Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Founded in El Segundo, CA, and strategically positioned with over 400 agents and support staff in over 13 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.