Cooper City charter school sells for $15.5M
Buyer is for-profit operator of schools in seven states
November 25, 2015 03:00PMBy Sean Stewart-Muniz
The charter school at 2800 North Palm Avenue in Cooper City
A charter school in Broward County’s Cooper City was recently sold for $15.5 million — the first time it’s traded hands since the school was built three years ago.
The Renaissance Charter School at Cooper City, located on a six-acre lot at 2800 North Palm Avenue, was sold to the development arm of Charter Schools USA through a deed filed Thursday.
Charter Schools USA is a for-profit manager of educational facilities that owns schools in seven states, including Florida.
The company paid roughly $221 per square foot for the school, which is 70,005 square feet and was built in 2012.
Broward County records show the seller was a joint-venture between MGS Developer in Hollywood and ESJ Capital Partners in Aventura. The two paid $2.6 million in 2011 for the land where they built the school.
Source: The Real Deal