EDUPRIZE Charter School's Southeast Valley Properties Sold In $63.2M Sale-Leaseback

The two properties located at 4567 West Roberts Road, West Melody Avenue, and North Monterey Street in Queen Creek, AZ have been involved in a sale-leaseback transaction. The assets in question are school buildings, specifically housing the EDUPRIZE charter school in the Southeast Valley. The properties have been fully triple net leased back to the school for a period of 15 years.

Summary of transaction details

• Property Type: School
• Sale Price: $63,200,000
• Square Footage: 233,790 SF
• Price per Square Foot: $270
• Address: 4567 West Roberts Road; West Melody Avenue & North Monterey Street, Queen Creek, AZ
• Market: Queen Creek, AZ

The sale-leaseback transaction was facilitated by brokers Geoffrey Turbow and Gary Cornish from CBRE, along with Todd Noel from Colliers International. Their efforts brought successful results for this deal, ensuring the smooth transition of ownership and the long-term leaseback agreement with EDUPRIZE. Additionally, it is worth noting that the transaction involved a significant sale price of $63,200,000 for the school properties, which have a total square footage of 233,790 SF.