Fresno, CA, October 22, 2024 — Faris Lee Investments, a leading retail investment sales firm, is pleased to announce the successful presale of a newly constructed single tenant net lease The Learning Experience daycare in Fresno, CA for a closing price of $5,370,000. The retail investment property is situated in the upscale community of North Fresno and features a long-term 20-year lease with a multi-unit The Learning Experience operator.
The seller, a national developer, was represented by Scott DeYoung, Senior Managing Director, Jeff Conover, Managing Principal, and Greg Lukosky, Director, of Faris Lee Investments, a leading national retail advisory and retail investment sales firm.
This sale underscores the strength and resilience of the daycare industry and Fresno commercial real estate market, even amidst the current interest rate environment and challenging economic conditions.
Faris Lee Investments marketing campaign procured a California Buyer that obtained financing. Faris Lee Investments’ played a pivotal role in navigating the presale complexities in the commercial real estate transaction, which was a 41 day escrow.
About Faris Lee Investments:
Faris Lee Investments is one of the leading retail investments firms in the US and is one of the original firms specializing in retail investment sales throughout the country. Faris Lee combines underwriting and market research that exceeds industry standards with a custom strategy to maximize values for their clients’ .The firm also serves as high level investment advisors in the areas of dispositions, acquisitions & recapitalizations as well as, distressed asset disposition, portfolio sales, and corporate sale-leaseback. For more information, visit www.farislee.com