Marcus & Millichap brokered the sale of The Peanut Gallery, a 9,516-square-foot, net-leased childcare property located in La Porte, Texas, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office. The asset sold for $925,000.
Dominic Sulo, first vice president, and Eric B. Luhrsen, associate, and investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a partnership. The buyer, a limited liability company, was secured and represented by The Sulo Group of Marcus & Millichap. Tim Speck assisted in closing this transaction as the broker of record in Texas.
The Peanut Gallery is located at 3902 Underwood Road in La Porte and is now a member of the Cadence Education family of schools, a leading national childcare operator. The property is an absolute net-leased childcare facility.
