Armstrong Development Properties Sells Childcare Facility To Sacramento Investor For $6.1M

This transaction involves the sale of a 9,990 square foot retail asset located at 8330 Elk Grove Florin Road in Sacramento, CA. The property, which encompasses 0.99 acres, was sold for $6,100,000. It includes a 17-year lease with The Learning Experience featuring 6% rent increases and a $1M corporate guaranty.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $6,100,000
• Square Footage: 9,990
• Address: 8330 Elk Grove Florin Road
• Market: Sacramento
• Seller: Armstrong Development Properties, Inc
• Buyer's Representative: Mason Canter - The Mason Canter Group
• Seller's Representatives: Bill Asher & Jeff Lefko - Hanley Investment Group

The transaction was completed 45 days after the opening of escrow, facilitating the acquisition by a Sacramento-area investor. Hanley Investment Group played a crucial role in brokering this transaction on behalf of Armstrong Development Properties.