Charter School Solutions Sonoran, LLC, purchases school campus
Phoenix, February 28, 2017 – Todd Noel, executive vice president with Colliers International in Greater Phoenix, negotiated the $6.8 million sale of a school campus in Peoria, Arizona. California-based Charter School Solutions Sonoran, LLC, acquired the campus from Fenway Properties of San Diego, California.
The property at 17667 N. 91st Avenue in Peoria is home to Sonoran Science Academy, which has leased the property since 2014
“This is yet another sale further validating educational based real estate as a defined institutional asset class,” said Noel. “The response from prospective buyers continues to be strong as they look to diversify and enhance yield spread.”
The 30,604-square-foot school campus was built in 2005. The campus includes 16 classrooms, high-end administrative offices, a large multi-purpose room and multiple basketball courts.The sale equated to a price of $222.19 per square foot.
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