Press Releases
Marcus & Millichap Brokers $3.35M Sale of Busy Bees Childcare Property in Chandler, Arizona
April 02, 2025
CHANDLER, Ariz., April 2, 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 Busy Bees in Chandler, Arizona for $3.35 million.
“An all-cash 1031 exchange buyer closed in under 40 days, allowing us to negotiate favorable terms for the seller and ensure a smooth, expedited closing at a strong price,” said Spencer Berkley. “Our team alone has opened 20 new escrows and generated over 32 offers in the past two weeks. With 38 deals currently in escrow, we’re seeing buyers and sellers finally align, signaling a strong return to market engagement.”
Berkley, Mark Ruble, Chris Lind and Zack House, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, an Arizona limited liability company.
The 10,904-square-foot property is located at 3700 W. Ray Road and is occupied by Busy Bees, a leading international childcare provider offering early education programs from infancy through school age. The facility is under an absolute triple-net lease with 15 years remaining and a corporate guarantee from Busy Bees, which operates 990 centers globally, including 119 in the United States.
“An all-cash 1031 exchange buyer closed in under 40 days, allowing us to negotiate favorable terms for the seller and ensure a smooth, expedited closing at a strong price,” said Spencer Berkley. “Our team alone has opened 20 new escrows and generated over 32 offers in the past two weeks. With 38 deals currently in escrow, we’re seeing buyers and sellers finally align, signaling a strong return to market engagement.”
Berkley, Mark Ruble, Chris Lind and Zack House, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, an Arizona limited liability company.
The 10,904-square-foot property is located at 3700 W. Ray Road and is occupied by Busy Bees, a leading international childcare provider offering early education programs from infancy through school age. The facility is under an absolute triple-net lease with 15 years remaining and a corporate guarantee from Busy Bees, which operates 990 centers globally, including 119 in the United States.
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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 www.MarcusMillichap.com.
