About this home
Rare single tenant NNN educational investment in Florida City's explosive South Dade growth corridor. 30,421 SF purpose built, three story K12 campus leased to Advanced Achievers Academy, a Step Up For Students scholarship recipient in continuous occupancy since 2015. Absolute NNN lease with 3% minimum annual escalations and a 15 year renewal option. Tenant pays all taxes, insurance, maintenance, and utilities. Offering includes a contiguous 1.47 acre expansion parcel with engineered plans approved for an identical mirroring facility, doubling campus capacity to 60,000+ SF. Institutional construction: steel reinforced concrete, hurricane impact glass, concrete tile roof. Less than 1 mile from Route 1 and the Ronald Reagan Turnpike. Please do not disturb tenant. All tours must be scheduled.
Listing last checked: Listing updated:
Listed by Brad Kuskin · Compass Florida LLC · MLS #B26008399
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Details at a glance
Interior2 property facts
- Heating
- Central
- Cooling
- Central Air
Building5 property facts
- Style
- Office
- Year built
- 2011
- Parking
- 73
- Foundation
- Block
- Roof
- Concrete
Land & utilities4 property facts
- Lot size
- 2.94 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- 6100
Financial2 property facts
- Annual taxes
- $124,313
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $10,900,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$65,476 / monthAdjust
- Principal & interest
- $55,116
- Property tax
- $10,359
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $124,313. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 713 W Palm Drive
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