Northmarq Arranges Sale of Medical Education Office in Florida for $14.0 Million


Northmarq, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of a medical office property located at 330 Brandon Town Center Drive in the east Tampa, Florida suburb of Brandon. The 45,000-square-foot medical office property sold for $14.0 million. The property is currently leased to Rasmussen University, the largest national nursing and health sciences educator. James Ullrich and Michael J. Macchia of Northmarq represented the seller, a Florida-based developer. The buyer, a private investor from California, 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, Director in Northmarq’s New York office. “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 and is one of 24 campuses across the country.  

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Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes. To learn more about Northmarq, please visit: