Net-Leased Childcare Facilities Trade in Yorkville and Flossmoor
Marcus & Millichap arranged the sale of two Children of America properties in Yorkville and Flossmoor, IL. The undisclosed buyer purchased both locations simultaneously and in a 30-day transaction.
The team of Austin Weisenbeck and Sean R. Sharko, SVPs and investment specialists in Marcus & Millichap’s Chicago Oak Brook office, marketed the property on behalf of the seller.
The Children of America properties are located at 741 Prairie Pointe Dr. in Yorkville and 19814 Kedzie Ave. in Flossmoor.
In Children of America, an educational childcare provider, both properties have an internet-resistant tenant with more than 10 years’ operating history at both locations. The double-net leases are corporately guaranteed with 14 years remaining.
The Yorkville facility is located in a fast-growing city within Chicago’s metropolitan statistical area that is expected to increase by 10% by 2025. The Flossmoor location is located between two Metra train stations and convenient to Interstate 57.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
CRE courses for CE credits
Get CE course credits, centered around all things CRE. View our courses today!