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Hanley Arranges Sale of Kiddie Academy Location in Grayslake
Hanley Investment Group Real Estate Advisors has completed the sale of a new construction, single-tenant net-lease investment occupied by Kiddie Academy at 807 Barron Blvd. in Grayslake, IL. The sale price was $3,725,000, representing a 6.60% cap rate.
Hanley EVPs Jeff Lefko and Bill Asher, in association with ParaSell, Inc., represented the seller and developer, The Woodmont Company, based in Fort Worth. The buyer, a private investor from Fairfax, VA, was represented by Gordon Nielsen, a principal with Summit Commercial Real Estate, LLC of Washington, DC.
“A daycare center is a very attractive, internet-resistant investment in today’s market for a multitude of reasons,” said Lefko. “One in three families spends 20% or more of their annual household income on childcare. Additionally, with an increasing number of working mothers and single-parent households, and widespread recognition that early learning contributes to life-long success, the demand for quality childcare and early education continues to rise.”
- ◦Sale/Acquisition


