Realty Income Properties 13 LLC Acquires Two School Properties From Oppidan Investment Company For $12.39M

The transaction involved the sale of two Everbrook Academy buildings completed by Oppidan Investment Company. Located at 8677 Parson Ave. Ne. in Otsego and 6869 Laketown Place in Albertville, Minnesota, the assets encompass a total of approximately 23,358 square feet. The combined sale price for the properties was $12,390,000, equating to a price per square foot of $530. Both properties are leased under 15-year triple-net agreements, indicating a stable investment in the child care sector within the Otsego and Albertville markets.

Summary of transaction details:

• Property Type: School
• Transaction Amount: $12,390,000
• Square Footage: 23,358
• Address: 8677 Parson Ave. Ne. & 6869 Laketown Place
• Market: Otsego & Albertville, MN
• Buyer: Realty Income Properties 13 LLC
• Seller: Oppidan Investment Company
• Brokers: Spencer Berkley, Mark Ruble, Chris Lind & Zack House - Marcus and Millichap

This deal highlights the involvement of Realty Income Properties 13 LLC as the buyer and Oppidan Investment Company as the seller. The transaction was brokered by a team from Marcus & Millichap, which included Spencer Berkley, Mark Ruble, Chris Lind, and Zack House. This sale underscores strong investor demand for stabilized child care assets in the region.