Marcus & Millichap announced the sale of Children of America, a 10,482 square-foot net-leased property located in Powell, OH, according to Steven D. Weinstock, Vice President/ Regional Manager of the firm’s Chicago Oak Brook office. The asset sold for $2,475,000.
Tammy A. Saia, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a developer. Michael Glass, Broker, assisted in closing this transaction. Children of America located at 7560 Sawmill Parkway sold at 95 percent of its original list price. This school is licensed to serve 186 children. Children of America operate 60 schools in 12 states and have never closed a school. Children of America employs a disciplined, data driven site selection process, targeting only high income markets with high growth and population demographics.