Portfolio of properties for Sale - Palm Bch Cty Outlying
Portfolio Summary
• Three-asset Montessori portfolio leased to Child Education Alliance (CEA) / Guidepost Montessori across Florida:
1. Property A – Fortis A LLC: 353 Hiatt Drive, Palm Beach Gardens, FL – 9,879 SF, 2025 NOI $547,905.11,
2. Property B – Fortis B LLC: 8401 Baymeadows Way, Jacksonville, FL – 6,313 SF, 2025 NOI $228,894.84.
3. Property C – Quattro Hollywood LLC: 2230 & 2402 Hollywood Blvd, Hollywood, FL – 6,883 SF, 2025 NOI $422,527.60,
• Portfolio metrics (at $24M pricing)
1. Total NRA: 23,075 SF
2. Total 2025 NOI: ˜ $1,199,327.55
3. Blended cap rate: ˜ 5.0% at $24,000,000 price (NOI ÷ price).
• Lease structure & credit
1. Each site is on a 20 year lease with 2020 start dates with 3% annual rent increases, enhancing income growth and yield-on-cost over time.
2. All leases were assumed and assigned to CEA/GGE through a court-approved Omnibus Motion; cure amounts are $0, confirming no rent arrears at the time of assignment.
3. Landlords (Fortis A, Fortis B, Quattro Hollywood) continue to receive rent under the original economics; HGE entities are fully released from future obligations.