Listen to this articleMarcus & Millichap, a commercial real estate brokerage firm specializing in investment sales, has announced the sale of a net-leased childcare facility tenanted by Lightbridge Academy in Bethlehem. The property sold for $4.62 million.
Located at 3001 Linden St., the 10,780-square-foot property has a 1.85-acre lot and was built in 2018.
“We are proud to have represented both the buyer and seller in this sale-leaseback transaction, securing a strong investment for all parties,” said Colin Reder, associate. “With a brand-new 15-year triple-net lease in place, the property offers long-term stability and zero landlord responsibilities.”
Reder, Derrick Dougherty and Scott Woodard, investment specialists in Marcus & Millichap’s Philadelphia office, had the exclusive listing to market the property on behalf of the seller, a local operator and private investor.
The team also procured the buyer, a local private investor.
