Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Prestige Preschool Academy, a 10,816-square foot net-leased property located in Maple Grove, MN, according to Craig Patterson, regional manager of the firm’s Minneapolis office. The asset sold for $4,384,836.
Cory Villaume, Sean Doyle, Matthew Hazelton and Adam “AJ” Prins, investment specialists in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the seller, a developer. The buyer, a limited liability company, was secured and represented by Cory Villaume, Sean Doyle, Adam “AJ” Prins and Matthew Hazelton, investment specialists in Marcus & Millichap’s Minneapolis office.
Prestige Preschool Academy is located at 12100 80th Avenue North in Maple Grove, MN. “This acquisition was another great example of continued demand for well-located property leased to tenants in industries resistant to the pressure of e-commerce,” says Hazelton.
