Marcus & Millichap Sells Yellow Brick Road Portfolio For $41.6 Million To Florida-Based REIT
$41,600,000
Building Size
—
Asset Type
School
Closing
Feb 2, 2026
AI
The Yellow Brick Road Portfolio, comprising 18 triple-net-leased early childhood development centers, was sold for $41,600,000. The properties are located across Iowa, Minnesota, and Nebraska, focusing on the educational sector.
Summary of transaction details:
- Property Type: School
- Transaction Amount: $41,600,000
- Seller: Ben Ditzer & Bob Carlson - Triple Net Capital
- Brokers: Spencer Berkley, Mark Ruble, Chris Lind, Zack House, Jon Ruzicka & Adam Lewis - Marcus & Millichap
- Buyer: Florida-based REIT
The brokerage team from Marcus & Millichap successfully represented sellers Triple Net Capital and facilitated the sale, indicating a strategic procurement of the buyer. Notably, two additional assets from this portfolio were transacted separately to private buyers prior to the main transaction.
Players
Market School Market Snapshot
Boundary boundary · School · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93