Autumn Ridge LLC Acquires Former School District Property In Barrington For $4.9M

The property involved in this transaction is a former Barrington School District property located at 310 East James Street in Barrington. The asset type is a school, encompassing 2 acres with a building size of 12,413 square feet. The transaction was completed for a sale price of $4,900,000, reflecting a price per square foot of $395.

Summary of transaction details:

• Property Type: School
• Transaction Amount: $4,900,000
• Address: 310 East James Street
• Market: Barrington
• Acres: 2
• Building Size: 12,413 SF
• Price Per Square Foot: $395
• Buyer: Autumn Ridge LLC
• Seller: Pablo Barreiro & Martin Saidon - Fortec
• Broker: Milo Spector - NorthMarq

This transaction involved Autumn Ridge LLC acquiring the property from sellers Pablo Barreiro and Martin Saidon, representing Fortec. The building serves 200 students and was renovated for use as an early childhood education facility known as The Nest Schools. Importantly, the transaction included a 17-year lease that will transfer to the buyer.