Marcus & Millichap has brokered the sale of a net-leased childcare facility, occupied by Everbrook Academy, in Albertville, Minnesota. The property sold for $6,096,510.
“This transaction was a testament to the resilience and adaptability of today’s market,” said Spencer Berkley, director of investments. “This particular asset stood out due to its unique tenant mix and strong in-place cash flow, which helped drive competitive interest and a successful closing.”
Berkley, Mark Ruble, Chris Lind and Zack House, investment specialists in Marcus & Millichap’s Phoenix office, in association with Jon Ruzicka, Marcus & Millichap’s Minnesota broker of record, had the exclusive listing to market the property on behalf of the seller, a Minnesota limited liability company.
Located at 6869 Laketowne Place, the 11,758-square-foot facility is leased to Everbrook Academy under a new 15-year triple-net lease guaranteed by Learning Care Group. Built in 2025, the property is positioned in a growing residential area of Albertville, a Minneapolis-St. Paul suburb.
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