Building Housing Imagine School at Town Center Sold for $9.93 Million
Schoolhouse Finance LLC of Arlington VA sells to Inland PPD Charter Palm Coast LLC of Oak Brook IL
Palm Coast, FL – March 19, 2010 – The owner of the building housing the Imagine School at Town Center sold it to Inland PPD Charter Palm Coast LLC, of Oak Brook, IL for $9.93 million. The seller is Schoolhouse Finance LLC of Arlington, VA.
The building, completed in 2008, sits on a 9.735-acre lot and has 38,480 square feet of which 26,408 square feet are finished area. the building was completed in 2008. The 2009 assessed value is $5,287,549. The transaction closed February 11th.
Imagine School operates 74 schools in 12 states, according to its Website. Imagine School at Town Center is a K-8 school.
View Imagine School at Town Center in a larger map
Why pay double the value?
Commercial property in Palm Coast is way over priced and yet here is someone who is willing to pay double the value. Hurry,somebody pinch me I must be dreaming.