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Elk Grove, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $6.1 million sale of a newly constructed, 9,990-square-foot single-tenant retail property located in the Sacramento suburb of Elk Grove. The Learning Experience, an early childhood education and childcare center, occupies the building on a 17-year corporate lease with 6 percent rent increases every five years. Completed in 2022, the Elk Grove facility is operated by the chain’s largest franchisee.
Jeff Lefko and Bill Asher of Hanley Investment Group represented the seller, Armstrong Development Properties, in the transaction. Mason Canter of The Mason Canter Group represented the buyer, a Sacramento-based private investor.