LFI Sells Schaumburg Daycare Property for $6 Million

FOR IMMEDIATE RELEASE

Shaumburg, Ill., Jan. 12, 2022 - Location Finders International Real Estate (LFI) is announcing its acquisition of another recently completed Higher Ground Education Guidepost development located at 22 Kristin in Schaumburg, Ill.  

LFI originally purchased the property in December 2019 and renovated the building into a premium daycare center.  The property is improved with a 13,222 square foot single tenant building.  LFI was able to sell the daycare for an approximate total of $6 million. 

LFI’s disposition team worked with John Nuzman of Marcus & Millichap who served as the Listing Broker. LFI received multiple offers and sold the property at 100% of list price to a California buyer. The investment highlights include 19 years remaining on the 20-year triple-net lease with 2% annual increases. The Final Sales Price was at a 6.70% Cap Rate.

About LFI

Founded in 1973 by Michael H. Rose as a full service real estate development company, located in Mokena, IL, LFI is a vertically integrated real estate company focused on the acquisition, development, and creation of innovative commercial real estate solutions for its real estate portfolio consisting of more than 100 properties across the U.S., with a concentration in the Chicagoland area, ranging from small to large size retail centers, medical office buildings, prime commercial buildings, single tenant retail with large national or regional tenants, to be developed properties, large manufactured home communities, industrial parks, and hotels, currently valued in excess of $500 million. For more information, visit the LFI Real Estate website www.lfirealestate.com/.

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