A new tuition-free public charter school will be opening this August, just in time for the 2015-2016 school year.
Sandra Goldstein, CCIM, broker and owner of Sandra Goldstein Commercial Real Estate, represented Smart Charter LLC in the purchase of a 22,722-square-foot school campus located at 13300 S.W. 120th Street in Miami, Florida, for $6,700,000.
Improvements were constructed in 1971, expanded in 1982 and 1992, and situated on a 9.47-acre interim use zoned site with an underlying Industrial & office land use.
The property previously operated as The Heritage School, a fully-accredited private school with an international orientation for students from pre-kindergarten through 8th grade.
Goldstein sought out the off-market asset on behalf of the buyer, negotiating a mutually beneficial transaction for both parties. The seller, Lifetime International Education LLC, represented itself in the deal.
“Sandra’s professionalism, integrity, and resourcefulness were key elements in our purchase of this school property,” commented Hernan Leonoff, Principal of MG3 Developer Group, LLC, and Managing Member, Smart Charter, LLC. “As sole broker, she worked effectively with parties on both sides of the transaction during the negotiation and due diligence phases, and her discretion helped to ensure the smooth transition to charter school with existing students.”
The buyer will lease the property to a charter school for grades K through 8.
At full capacity, the new Bridgeprep Academy Charter School campus will accommodate more than 600 students.