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Marcus & Millichap Brokers $3.16M Sale of O2B Kids Property in O’Fallon, Missouri

January 06, 2025

O’FALLON, Mo., Jan. 6, 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 a net-leased O2B Kids location in O’Fallon, Missouri for $3,162,000. The firm’s capital markets subsidiary, Marcus & Millichap Capital Corporation (MMCC), arranged acquisition financing. 

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, and procured the buyer. David Saverin is Marcus & Millichap’s broker of record in Missouri. Dean Giannakopoulos, senior managing director in MMCC’s Chicago Downtown office secured the financing. 

The property is situated on 1.07 acres at 864 Homefield Blvd. in O’Fallon, the largest suburb of St. Louis, with more than 100,000 people within five miles. Built in 2002, O2B Kids acquired the property in 2023 from Bright Star Academy, a six-unit operator, and is currently operating under a 20-year triple-net lease. 

 

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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.

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