Joe Serafin of Serafin Real Estate Secures $15.3 Million Sale for Montessori School Portfolio in Ashburn and Herndon, VA at a 6.64% Cap Rate
In a prime demonstration of Joe Serafin and Serafin Real Estate’s expertise in commercial real estate, the sale of two Montessori school properties located in Ashburn and Herndon, VA closed for a combined total of $15.3 million. The portfolio was sold at a 6.64% average capitalization rate, achieving a highly successful outcome for the seller. This transaction highlights Serafin’s ability to secure outstanding results in the sale of education-based investment properties.
Montessori School Portfolio Sale Overview:
Serafin Real Estate expertly handled the sale of these two long-term NNN leased Guidepost Montessori properties in Northern Virginia. Key details of the transaction include:
- Property Locations: 42945 Waxpool Road, Ashburn, VA, and 13251 Woodland Park Road, Herndon, VA.
- Sale Price: $15.3 million for the portfolio.
- Average Cap Rate: 6.64%
- Tenant: Guidepost Montessori, a brand under Higher Ground Education, occupying both locations under long-term NNN leases.
- Buyer: A qualified investor engaged in a 1031 exchange, ensuring a smooth and expedited transaction.
The properties’ locations in the affluent communities of Ashburn and Herndon made them highly desirable investments, further boosted by the stability of long-term leases with a well-established tenant like Guidepost Montessori. Serafin Real Estate’s targeted marketing efforts focused on identifying qualified buyers in 1031 exchanges, who valued the secure income stream and the quality of the properties.
Navigating the Investment Property Sale
The sale posed unique challenges, including finding a buyer who understood the investment potential of the schools and was motivated to move quickly to close the transaction. Serafin Real Estate leveraged its deep knowledge of the Northern Virginia commercial real estate market and its connections with serious investors, particularly those in 1031 exchanges, to ensure a smooth sale.
The seller, who had built both schools but did not operate them, was able to capitalize on the long-term leases with Guidepost Montessori, maximizing returns and achieving significant tax benefits through the 1031 exchange.
Serafin Real Estate’s Expertise in Early Education Center Sales
Led by Joe Serafin, Serafin Real Estate utilized nearly two decades of experience to market the properties effectively. The team highlighted the strengths of the investment opportunity, including the prime locations, the quality of the buildings, and the stability provided by the NNN leases with Guidepost Montessori.
Results and Client Satisfaction
The sale of the Montessori school portfolio at $15.3 million, with an average cap rate of 6.64%, exceeded expectations. The seller praised Serafin Real Estate for their expert handling of the transaction, and the buyer acquired high-quality, income-generating assets in a sought-after area.
Looking for Similar Opportunities?
If you’re seeking opportunities to buy or sell investment properties, particularly early education centers or other special-purpose real estate, Serafin Real Estate’s expertise can help you achieve your goals. Contact us at (703) 261-4809 to learn more about how we can assist with your commercial real estate needs.