**The Learning Experience Childcare Facility in Elk Grove Sells for $6.1 Million**
Hanley Investment Group Real Estate Advisors has completed the $6.1 million sale of a newly constructed, single-tenant childcare facility in Elk Grove, a suburb of Sacramento. The property is occupied by The Learning Experience.
Executive Vice Presidents Jeff Lefko and Bill Asher of Hanley Investment Group represented the seller, Armstrong Development Properties, Inc., a private developer headquartered in the Pittsburgh metropolitan area. Mason Canter of The Mason Canter Group in Los Angeles represented the buyer, a private investor based in the Sacramento region.
Constructed in 2022, the 9,990-square-foot building is located at 8330 Elk Grove Florin Road. The property is backed by a 17-year corporate lease that includes 6% rent increases every five years during the base term and option periods, along with a $1 million corporate guaranty.
“The property’s prominent location, coupled with its long-term lease and unique guaranty, made it an attractive investment for the buyer,” said Lefko. “Investor interest in high-quality, net-leased childcare facilities remains steady in areas like Sacramento and its affluent suburbs.”
