Marcus & Millichap Arranges $6.1M Sale Of School Property Leased To Learning Care Group In Albertville MN

The asset involved in this transaction is a newly built childcare facility located at 6869 Laketown Place Northeast in Albertville, MN. The property encompasses 11,758 square feet and was sold for $6,100,000, translating to a price per square foot of $519. The facility is net-leased to Learning Care Group for a term of 15 years under a triple-net structure.

Summary of transaction details:

• Property Type: School
• Transaction Amount: $6,100,000
• Square Footage: 11,758
• Price Per Square Foot: $519
• Address: 6869 Laketown Place Northeast
• Market: Albertville, MN

The transaction was facilitated by Marcus & Millichap, with brokers Spencer Berkley, Mark Ruble, Chris Lind, and Zack House representing the sale. The identity of the buyer remains undisclosed.