NEW BERLIN, Wis., July 9,2026 – 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 a net-leased childcare facility occupied by Cadence Academy in New Berlin, Wisconsin, for $3,057,000. Marcus & Millichap Capital Corporation (MMCC), a subsidiary of Marcus & Millichap, arranged $2,139,900 in acquisition financing.
“This transaction attracted strong investor interest because it offered the combination of durable cash flow and long-term lease security,” said Sam Malato, director investments. “With an absolute net lease featuring annual rental increases and more than 13 years of remaining lease term, the property aligns well with buyers seeking stable, passive income. We remain optimistic about the New Berlin market, which continues to benefit from its affluent demographics, strong homeownership rates and established residential base within the Milwaukee metropolitan area.”
Malato and Dominic Sulo, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, in association with Todd Lindblom, Marcus & Millichap’s Wisconsin broker of record, marketed the property on behalf of the seller, a Florida-based real estate investor specializing in early childhood education properties. They also procured the buyer, a private, Illinois-based investor.
Dean Giannakopoulos, senior managing director in Marcus & Millichap’s Chicago Oak Brook office, secured the financing with a regional lender on behalf of the buyer. The loan features a five-year term at 70% loan-to-value, with 12 months of interest-only payments at a 5.85% rate, followed by amortization on a 25-year schedule.
Located at 5245 S. Emmer Drive, the 11,080-square-foot childcare facility was built in 1999 on a 1.91-acre site. The property is occupied by Cadence Academy under a corporate-guaranteed absolute net lease with more than 13 years remaining. It is located just off Interstate 43, less than 30 minutes from downtown Milwaukee.
