Press Releases
Marcus & Millichap Arranges Sale of KinderCare Property in New Albany, Ohio
June 02, 2026
NEW ALBANY, Ohio, June 1, 2026 – 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 an 8,700-square-foot net-leased KinderCare property in New Albany, Ohio.
“Investor demand for high-quality net-leased assets in affluent suburban markets remains strong, particularly for properties backed by corporate tenants and long-term lease structures,” said Spencer Berkley, director investments. “We received multiple offers on this transaction, highlighting continued competition for below-$3 million net-leased investments in growth markets surrounding Columbus.”
Berkley, along with Chris Lind, Mark Ruble and Zack House, investment specialists in Marcus & Millichap’s Phoenix office, in association with Michael Glass, Marcus & Millichap’s Ohio broker of record, exclusively marketed the asset on behalf of the seller, a Maryland limited liability company. Tarek Chbeir from the firm’s Orlando office procured the buyer, an Ohio limited liability company.
The property, located at 5524 New Albany Rd., was built in 2000 on approximately 2.04 acres. The childcare facility is occupied by KinderCare under a triple-net lease with about 10 years remaining. KinderCare Learning Companies operates more than 2,400 early childhood education centers and sites nationwide, including more than 1,500 KinderCare Learning Centers serving children from six weeks to 12 years old.
“Investor demand for high-quality net-leased assets in affluent suburban markets remains strong, particularly for properties backed by corporate tenants and long-term lease structures,” said Spencer Berkley, director investments. “We received multiple offers on this transaction, highlighting continued competition for below-$3 million net-leased investments in growth markets surrounding Columbus.”
Berkley, along with Chris Lind, Mark Ruble and Zack House, investment specialists in Marcus & Millichap’s Phoenix office, in association with Michael Glass, Marcus & Millichap’s Ohio broker of record, exclusively marketed the asset on behalf of the seller, a Maryland limited liability company. Tarek Chbeir from the firm’s Orlando office procured the buyer, an Ohio limited liability company.
The property, located at 5524 New Albany Rd., was built in 2000 on approximately 2.04 acres. The childcare facility is occupied by KinderCare under a triple-net lease with about 10 years remaining. KinderCare Learning Companies operates more than 2,400 early childhood education centers and sites nationwide, including more than 1,500 KinderCare Learning Centers serving children from six weeks to 12 years old.
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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, 2025, the company had 1,808 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
