Press Releases
Marcus & Millichap Brokers $3.35M Sale of Busy Bees Child Care Center in Phoenix
May 29, 2025
PHOENIX, May 29, 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 Child Care Center in Phoenix, Arizona for $3,350,000.
“This marks the fourth closing in a five-property portfolio and a rare financed deal outside of a 1031 exchange,” said Spencer Berkley. “With 83% of our 140 transactions last year being all-cash, this highlights what’s possible with the right structure and strategy, even in today’s tight lending environment. The buyer plans to hold the asset long term for its stable cash flow.”
Berkley, Chris Lind, Mark Ruble 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 property, located at 3300 E. Union Hills Dr. in Phoenix, was built in 1990 and is secured by an absolute triple-net lease with 15 years remaining. It is positioned in a densely populated area with 261,548 residents and an average household income exceeding $111,000 within a 5-mile radius.
“This marks the fourth closing in a five-property portfolio and a rare financed deal outside of a 1031 exchange,” said Spencer Berkley. “With 83% of our 140 transactions last year being all-cash, this highlights what’s possible with the right structure and strategy, even in today’s tight lending environment. The buyer plans to hold the asset long term for its stable cash flow.”
Berkley, Chris Lind, Mark Ruble 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 property, located at 3300 E. Union Hills Dr. in Phoenix, was built in 1990 and is secured by an absolute triple-net lease with 15 years remaining. It is positioned in a densely populated area with 261,548 residents and an average household income exceeding $111,000 within a 5-mile radius.
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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.
