Marcus & Millichap closed the sale of a 12,324-square-foot net-leased childcare property in Davison, Michigan. The asset sold for $1.633 million.
Dominic Sulo, first vice president investments, and Eric Luhrsen, an associate, in Marcus & Millichap’s Chicago Oak Brook office, exclusively marketed the property for the seller and represented the out-of-state 1031-exchange buyer.
Steve Chaben assisted as the broker of record in Michigan.
The property is located at 9203 Lapeer Road. Rainbow Child Care has a 12-year operating history at this location and signed a recent lease renewal that includes a corporate guarantee.
