Marcus & Millichap brokered the sale of a net-leased childcare facility, occupied by Willowbrae Academy, in Sun Prairie, Wisconsin. The property sold for $5.32 million.
Dominic Sulo, investment specialist in Marcus & Millichap’s Chicago Oak Brook office, in association with Todd Lindblom, Marcus & Millichap’s Wisconsin broker of record, marketed the property on behalf of the seller, a repeat Chicago-based developer. Sulo and Sam Malato, director investments in the firm’s Chicago Oak Brook office, procured the local Wisconsin-based 1031 exchange buyer.
Situated at 1340 Merchant Square, Willowbrae Academy is a newly built, 11,790-square-foot property on 1.16 acres, secured by a triple-net lease with more than 14 years remaining. The tenant operates multiple locations across the U.S. and Canada.
