Marcus & Millichap closed the sale of a net-leased childcare facility occupied by Everbrook Academy in Otsego, Minnesota. The property sold for $6,291,850.
Spencer Berkley, Mark Ruble, Chris Lind and Zack House, investment specialists in Marcus & Millichap’s Phoenix office, in association with Jon Ruzicka, Marcus & Millichap’s Minnesota broker of record, had the exclusive listing to market the property on behalf of the seller, a Minnesota limited liability company, and procured the buyer, a Delaware limited liability company.
The property is located at 8677 Parson Ave. NE, 33 miles northwest of downtown Minneapolis. Built in 2025, the 11,758-square-foot facility sits on 1.2 acres and is leased to Everbrook Academy on a 15-year triple-net lease. The tenant is backed by Learning Care Group, one of the largest providers of early childhood education in the United States with more than 1,150 schools across 11 brands.
