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Marcus & Millichap Brokers $6.1 Million Sale Of Everbrook Academy In Albertville, MN
SOLD
$6,096,510
+ 1
Minnesota
See Similar DealsSchool11,758 SF
Sold 11/11/2025
SOLD
Marcus & Millichap Brokers $6.1 Million Sale Of Everbrook Academy In Albertville, MN
6869 Laketown Place Northeast
See Similar DealsSchool11,758 SF
Sold 11/11/2025
+ 1
Summary
MINNESOTA
Asset Type:School
Price Per Square Foot:$518
Total Square Footage:11,758 SF
Transaction Type:Sale
The property involved in this transaction is a newly built school asset, specifically an 11,758-square-foot Everbrook Academy childcare facility located at 6869 Laketown Place Northeast, Albertville, MN. The facility has been leased for 15 years to Everbrook under a triple-net lease, and it was sold for $6,096,510, with a price per square foot of $518.
Summary of transaction details:
- Property Type: School
- Transaction Amount: $6,096,510
- Square Footage: 11,758
- Address: 6869 Laketown Place Northeast
- Market: Albertville, MN
- Price per Square Foot: $518
The deal was brokered by Spencer Berkley, Mark Ruble, Chris Lind, and Zack House from Marcus & Millichap. They worked in collaboration with Minnesota broker Jon Ruzicka to market the property as part of a strategic sales effort by Marcus & Millichap’s Phoenix team.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$325,147.20
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,659.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,900.57
Annual Debt Service$346,806.81
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