Marcus & Millichap Brokers $6.1 Million Sale Of Everbrook Academy In Albertville, MN

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.