Florida & Gulf Coast + Central Florida + Office | August 5, 2022

The Rasmussen-leased property on Brandon Town Center Drive in Brandon has been sold for $14 million.

Nursing Shortage, Medical Educator-Lease Drives $14M Sale of Brandon MOB

Stan Johnson Company has completed the $14-million sale of a medical office property located at 330 Brandon Town Center Drive in the Tampa submarket of Brandon, FL. The 45,000-square-foot property is currently leased to Rasmussen University, a national nursing and health sciences educator.

James Ullrich and Michael Macchia of Stan Johnson Company represented the seller, a FL-based developer. The buyer, a private investor from CA, was represented by David Tower of Coastal Commercial Real Estate.

“Tenant strength carried this transaction as the nation is suffering from a shortage of nurses, and Rasmussen endeavors to solve that problem,” said Ullrich. “Rasmussen’s extensive history portends a long future but possesses feel good ESG elements to be long-lasting.”

The education facility was built in 1994 and extensively built-out in 2021. The regionally accredited private university operates on a double net lease with 10 years remaining.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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