Press Releases
Marcus & Millichap Facilitates Sale of La Petite Academy in Oakdale, Minnesota
October 13, 2026
OAKDALE, Minn., Oct. 7, 2026 — 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 7,700-square-foot La Petite Academy property in Oakdale, Minnesota.
“Over the past 12 months, our team has closed 16 of the 37 Learning Care Group transactions completed nationwide, further strengthening our track record with this tenant.” said Spencer Berkley, senior director investments.
Berkley, Mark Ruble, Chris Lind and Zack House, investment specialists in Marcus & Millichap's Phoenix office, in association with Jon Ruzicka, Marcus & Millichap's Minnesota broker of record, exclusively marketed the property on behalf of the private seller.
The asset is located at 470 Imperial Ave. N. and totals 7,700 square feet on 1.3 acres. The company is part of Learning Care Group and operates more than 450 schools nationwide. The buyer plans to hold the property as a long-term investment.
“Over the past 12 months, our team has closed 16 of the 37 Learning Care Group transactions completed nationwide, further strengthening our track record with this tenant.” said Spencer Berkley, senior director investments.
Berkley, Mark Ruble, Chris Lind and Zack House, investment specialists in Marcus & Millichap's Phoenix office, in association with Jon Ruzicka, Marcus & Millichap's Minnesota broker of record, exclusively marketed the property on behalf of the private seller.
The asset is located at 470 Imperial Ave. N. and totals 7,700 square feet on 1.3 acres. The company is part of Learning Care Group and operates more than 450 schools nationwide. The buyer plans to hold the property as a long-term investment.
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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, 2025, the company had 1,808 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
