AUSTIN, TX— Matthews™, a commercial real estate investment services and technology firm, completed the sale of a KinderCare Learning Center, located at 441 W Broade Street in Leander, Texas. Matthews™ Senior Associate Bryce Wong represented the buyer in the transaction as a cooperating foreign broker in conjunction, with Patrick Graham as the broker of record. The transaction marked the highest sale price for a retail property in the Georgetown submarket within the last year.

 

Located in a high-growth pocket of the North Austin corridor, the newly constructed 12,000-square-foot asset benefits from continued residential development and household formation. Leased to KinderCare Learning Companies, the property is anchored by one of the most recognized childcare brands in the U.S.

 

To facilitate the acquisition, Matthews™ Capital Markets arranged $5.2 million in financing through a regional bank execution with a preferred lending partner. The loan featured a 5.46% rate, annual re-price with no rate floor, 60% LTV underwriting to a 1.35x DSCR, and no lender points or fees.

 

“The market continues to show demand for early education investments with strong real estate fundamentals and quality operators,” Wong said. “When you combine a strong operator with durable real estate fundamentals, investors respond.”

 

Drawn to the property’s long-term lease structure with a publicly traded tenant, the locally based buyer plans to hold the asset long term as a stable, income-producing investment.

 

For more information, please contact Bryce Wong or visit www.matthews.com.

 

Patrick Graham License No. 528005 (TX)

 

About Matthews™

Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.