Marcus & Millichap Inc.
09/16/2025 | Press release | Archived content
Marcus & Millichap Facilitates Sale of Net-Leased Childcare Facility in Southlake, Texas
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Marcus & Millichap Facilitates Sale of Net-Leased Childcare Facility in Southlake, Texas
September 16, 2025
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SOUTHLAKE, Texas, Sept. 16, 2025 - 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 The Children's Courtyard, in Southlake, Texas.
"One of the key drivers of this deal was its location in one of the more affluent areas of the Fort Worth market, combined with a strong rental rate paid by a nationally backed tenant," said Spencer Berkley. "This combination generated competitive buyer interest and ultimately led to one of the more aggressive cap rate closings we've seen in today's environment."
Berkley, Mark Ruble, Chris Lind and Zack House, investment specialists in Marcus & Millichap's Phoenix office, in association with Tim Speck, Marcus & Millichap's Texas broker of record, had the exclusive listing to market the property on behalf of the seller, a Texas limited partnership. Dominic Sulo, Ryan Engle and Andrean Angelov from the firm's Chicago Oak Brook office procured the buyer, a Delaware limited liability company.
"Despite the buyer requiring financing, we were able to close in under 60 days," added Berkley. "We're continuing to see momentum in the net lease space, driven by stable interest rates and increased 1031 exchange activity, which is helping convert listings into actual closings, shifting the market in favor of sellers."
Located at 1601 Corporate Circle, the property consists of 10,721 rentable square feet on 1.35 acres. Built in 2001, it is occupied by The Children's Courtyard under an absolute triple-net lease with more than eight years remaining. The lease is backed by a corporate guaranty from Learning Care Group, one of the largest early childhood education providers in the U.S. The site is situated across from Carroll Senior High School and within five miles of 18 elementary schools.
"One of the key drivers of this deal was its location in one of the more affluent areas of the Fort Worth market, combined with a strong rental rate paid by a nationally backed tenant," said Spencer Berkley. "This combination generated competitive buyer interest and ultimately led to one of the more aggressive cap rate closings we've seen in today's environment."
Berkley, Mark Ruble, Chris Lind and Zack House, investment specialists in Marcus & Millichap's Phoenix office, in association with Tim Speck, Marcus & Millichap's Texas broker of record, had the exclusive listing to market the property on behalf of the seller, a Texas limited partnership. Dominic Sulo, Ryan Engle and Andrean Angelov from the firm's Chicago Oak Brook office procured the buyer, a Delaware limited liability company.
"Despite the buyer requiring financing, we were able to close in under 60 days," added Berkley. "We're continuing to see momentum in the net lease space, driven by stable interest rates and increased 1031 exchange activity, which is helping convert listings into actual closings, shifting the market in favor of sellers."
Located at 1601 Corporate Circle, the property consists of 10,721 rentable square feet on 1.35 acres. Built in 2001, it is occupied by The Children's Courtyard under an absolute triple-net lease with more than eight years remaining. The lease is backed by a corporate guaranty from Learning Care Group, one of the largest early childhood education providers in the U.S. The site is situated across from Carroll Senior High School and within five miles of 18 elementary schools.
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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, 2024, the company had 1,712 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 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit https://www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on September 16, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on September 18, 2025 at 18:23 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]