Marcus & Millichap Facilitates Sale of O2B Kids! Location in Florida for $5.97M

NEW PORT RICHEY, Fla., Sept. 11, 2024 - 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 O2B Kids! located in New Port Richey, Florida within the Tampa MSA. The property sold for $5,970,000.

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. Ryan Nee, Broker of Record in Florida, assisted in closing the transaction.

Located at 8700 Trouble Creek Road, the 12,272-square-foot property was acquired by O2B Kids! in 2023, previously a fully enrolled Discovery Point School. The tenant is one of the top 15 childcare companies in the country with over 59 locations and 20 more in development. The property is adjacent to the New Port Corners development, a 956-acre project featuring residential and commercial spaces.

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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, 2023, the company had 1,783 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 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.