Hanley Investment Group Real Estate Advisors finalized the $6.1-million sale of a newly constructed single-tenant childcare facility occupied by The Learning Experience in Elk Grove, a Sacramento suburb.
EVP and partner Jeff Lefko and EVP Bill Asher represented the seller, Armstrong Development Properties, Inc., a private developer based in the Pittsburgh metro area. Mason Canter of The Mason Canter Group of Los Angeles represented the buyer, a private investor based in the Sacramento area.
Completed in 2022, the 9,990-square-foot building is located at 8330 Elk Grove Florin Rd. It features a new 17-year corporate lease with 6% rent increases every five years throughout the base term and option periods, along with a $1-million corporate guaranty.
“The property’s prominent location, coupled with its long-term lease and unique guaranty, made it an attractive investment for the buyer,” said Lefko. “Investor interest in high-quality, net-leased childcare facilities remains steady in areas like Sacramento and its affluent suburbs.”
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