Children's Learning Adventure purchased for $8.45 Mil

TUCSON, AZ-Investment Real Estate Associates (“IREA”), a national investment real estate advisory firm based in Los Angeles has sold the Triple-Net Investment Corporate Guaranteed, Children’s Learning Adventure for $8,450,000.

This Children’s Learning Adventure is located west of the northwest corner of Alvernon Way and Valencia Road in Tucson, just two miles southwest of the I-10 Freeway. The subject property is a 25,744 square foot single-tenant retail building with a approximately 30,890 square foot playground, on a large 3.78 acres of land. The brand new twenty (20) year triple-net (NNN) lease is backed by a corporate guarantee. The property is strategically located within a strong employment corridor. Children’s Learning Adventure is a national, privately held infant, preschool & after school care provider of high quality education with expansive indoor and outdoor amenities. The lease contains two, five-year renewal options, attractive 10% increases every five years, and minimal landlord responsibilities.

Clark Everitt, SVP and William Everitt, VP at IREA represented the buyer, Beccaria Partners, and Phoenix Commercial Advisors represented the seller, VDG Hemisphere, LLC.

(Originally Reported in Globe St. by David Phillips)

Jonathan Krikorian