PHOENIX, AZ-– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has retained the exclusive listing for a 20,032-square foot child care center leased to Tutor Time Child Care in Phoenix. The listing
price of $13.19 million represents $658 per square foot.Jamie Medress, (top right photo) a vice president investments and senior director of Marcus & Millichap’s National Retail Group in Phoenix, and Adam Goldberg, an investment specialist also in the firm’s Phoenix office, are representing the seller.
“This offering presents an investor with the opportunity to acquire the lease to newly developed commercial property in a thriving Phoenix submarket,” says Medress. Located at 24745 North 23rd Ave., on the corner of Happy Valley Road and North 23rd Avenue, the single-tenant building is situated on 2.2 acres, just off Interstate 17.
Built in 2006, Tutor Time Child Care, which provides early childhood educatio
n in 125 corporate and 75 franchise schools nationally, has signed a 22-year absolute triple-net lease with corporate guarantee and two five-year options.
Press Contact: Stacey Corso
Communications Department
(925) 953-1716
n in 125 corporate and 75 franchise schools nationally, has signed a 22-year absolute triple-net lease with corporate guarantee and two five-year options.Press Contact: Stacey Corso
Communications Department
(925) 953-1716
No comments:
Post a Comment