MachineWorks
1414 NW Northrup St Portland, OR 97209
10,697 sm
Jones Lang LaSalle, Inc. (“JLL”) is pleased to present the opportunity to acquire Adtalem Miramar (the “Property”), a 56,462 square foot, single-tenant building 100% NNN leased to Adtalem Global Education (the “Tenant”) and strategically located in Miramar, FL. Adtalem Global Education (NYSE: ATGE, S&P: BB), is a well capitalized, globally recognized education provider, managing 5 scholastic institutions and hundreds of campuses in multiple countries. The Property was fully repositioned by current ownership to the Tenant’s specifications, with $12.5M+ additionally invested by the Tenant. In addition to boasting a market-leading 5.2 per 1,000 SF parking ratio, the Property has been completely modernized including new HVAC units and upgraded elevators, restrooms, and common areas. Along with ~300 students & ~100 facilty/staff, the mission critical location houses executives and regional leadership serving as the regional HQ for the company’s Caribbean footprint, Ideally located equidistant to the major CBD’s of Miami and Fort Lauderdale, with a population of 2.4M+ people within a 30 minute drive, Adtalem is well positioned to capitalize on the projected nearly 60,000 nurse shortage in Florida.
The Offering presents an exceptional opportunity to acquire a 100% NNN leased asset with long-term contractual and passive income on 7-acres of land in South Florida, the nation’s hottest real estate market.