Marcus & Millichap Inc.
03/31/2026 | Press release | Distributed by Public on 03/31/2026 16:43
Marcus & Millichap Brokers $6.29M sale of Everbrook Academy Childcare Facility in Otsego, Minnesota
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Marcus & Millichap Brokers $6.29M sale of Everbrook Academy Childcare Facility in Otsego, Minnesota
March 31, 2026
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OTSEGO, Minn., March 31, 2026 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a net-leased childcare facility occupied by Everbrook Academy in Otsego, Minnesota. The property sold for $6,291,850.
"Despite a challenging operating environment for childcare providers in Minnesota, we were able to generate multiple competitive offers and ultimately achieve a strong outcome for the seller," said Spencer Berkley, director investments. "The level of buyer engagement underscores continued demand for high-quality early education assets, even in more regulated markets."
Berkley, Mark Ruble, Chris Lind and Zack House, investment specialists in Marcus & Millichap's Phoenix office, in association with Jon Ruzicka, Marcus & Millichap's Minnesota broker of record, had the exclusive listing to market the property on behalf of the seller, a Minnesota limited liability company, and procured the buyer, a Delaware limited liability company.
The property is located at 8677 Parson Ave. NE, 33 miles northwest of downtown Minneapolis. Built in 2025, the 11,758-square-foot facility sits on 1.2 acres and is leased to Everbrook Academy on a 15-year triple-net lease. The tenant is backed by Learning Care Group, one of the largest providers of early childhood education in the United States with more than 1,150 schools across 11 brands.
"Momentum has definitely carried into 2026, with our team already closing more than $50 million in childcare center transactions and maintaining a strong pipeline behind it," added Berkley. "Investors continue to gravitate toward these assets due to their essential-service nature and the relative returns compared with other NNN products. Overall, we're seeing renewed interest from the broader commercial real estate investment community and remain optimistic about what's ahead."
"Despite a challenging operating environment for childcare providers in Minnesota, we were able to generate multiple competitive offers and ultimately achieve a strong outcome for the seller," said Spencer Berkley, director investments. "The level of buyer engagement underscores continued demand for high-quality early education assets, even in more regulated markets."
Berkley, Mark Ruble, Chris Lind and Zack House, investment specialists in Marcus & Millichap's Phoenix office, in association with Jon Ruzicka, Marcus & Millichap's Minnesota broker of record, had the exclusive listing to market the property on behalf of the seller, a Minnesota limited liability company, and procured the buyer, a Delaware limited liability company.
The property is located at 8677 Parson Ave. NE, 33 miles northwest of downtown Minneapolis. Built in 2025, the 11,758-square-foot facility sits on 1.2 acres and is leased to Everbrook Academy on a 15-year triple-net lease. The tenant is backed by Learning Care Group, one of the largest providers of early childhood education in the United States with more than 1,150 schools across 11 brands.
"Momentum has definitely carried into 2026, with our team already closing more than $50 million in childcare center transactions and maintaining a strong pipeline behind it," added Berkley. "Investors continue to gravitate toward these assets due to their essential-service nature and the relative returns compared with other NNN products. Overall, we're seeing renewed interest from the broader commercial real estate investment community and remain optimistic about what's ahead."
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit https://www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on March 31, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on March 31, 2026 at 22:47 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]