South Vero Charter School is a 62,282-SF facility located on a 17.4-acre site in Vero Beach, FL with a capacity of 900 students. South Vero, an “A”-rated charter school, operated at full capacity as one of the top schools in its district.
Investment Strategy: The property was regarded as an opportunistic sale as the school was already yielding strong returns operating at full capacity.
Acquisition Date: March 2014.
Disposition: November 2016 to a private equity firm as part of a portfolio.