HINGE Announces Real Estate Transaction in the Denver Market
Hinge is pleased to announce the closing of a net-leased sale of a prominent child care school building in suburban Denver (Douglas County) to a private investor. The sellers were original owners, having developed the property in the late 1990’s and operated the school themselves for many years. They remained as landlords over a succession of individual operators who experienced varying levels of operational success. Through the assistance of SSGA, a new national operator was found last year to purchase the school business and stabilize enrollment and revenue. With the new national school operator in place, the Sellers again turned to SSGA to execute on a fairly aggressive pricing model for the sale of the building. As a result of its deep relations with private and institutional investors across the country, its expertise in providing a comprehensive web based selling platform, and its experience in hundreds of commercial real estate transactions, Hinge was able to achieve a closing of the school at 98.4% of listing price in a 4 ½ month marketing & escrow time period.