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 Primrose School location in Alpharetta, Georgia. The property sold for $4.9 million.
Dominic Sulo, investment specialist in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller. John Leonard is Marcus & Millichap’s broker of record in Georgia.
Located at 9440 Nesbit Ferry Road, the 10,144-square-foot property is fully leased to Primrose School, which is one year into a new two-year lease. Primrose, a leader in early childhood education, operates more than 500 schools in 34 states. Built in 1989, the property is situated on 2.26 acres, approximately five miles from downtown Alpharetta.