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4567 West Roberts Road; & West Melody Avenue & North Monterey Street
SOLD

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

4567 West Roberts Road; & West Melody Avenue & North Monterey Street

School
233,790 SF
clock iconSold 315 days ago
Geoffrey Turbow
Gary Cornish
Todd Noel
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Summary

Sale
ARIZONA
School
233,790 sqft

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.

Players

  • All

    5

  • Agents

    3

  • Agencies

    2

Geoffrey Turbow's profile picture
Geoffrey Turbow
CBRE-image
Senior Vice President
$141.1M Sold
Gary Cornish's profile picture

Details

Deal Summary
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SOLD
IMAGE: Geoffrey Turbow, Gary Cornish & Todd Noel DATE: 07/18/2023 ADDRESS: 4567 West Roberts Road; & West Melody Avenue & North Monterey Street MARKET: Queen Creek, AZ ASSET TYPE: School BROKERS: Geoffrey Turbow & Gary Cornish - CBRE; & Todd Noel - Colliers International SALE PRICE: $63,200,000 SF: 233,790 ~ PPSF: $270 NOTE: Two properties, home to the charter school EDUPRIZE in the Southeast Valley, are being fully triple net leased back to the school for 15 years.

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Address4567 West Roberts Road; & West Melody Avenue & North Monterey Street

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