Marcus & Millichap facilitated the sale of a net-leased childcare facility occupied by The Learning Grove Academy in Avon, Indiana.
Sam Malato and Dominic Sulo, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, procured the buyer, a private coastal investor. Josh Caruana is the firm’s broker of record in Indiana.
Built in 2009, the 17,704-square-foot facility is located at 7651 Beechwood Centre Road on 3.17 acres, about 20 minutes from Indianapolis International Airport. Specializing in play-based learning and developmentally focused care, The Learning Grove is a rapidly expanding early education operator with 120 locations and additional acquisitions in progress.
