Beccaria Partners Diversify $8.45 Million into Tucson

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Beccaria Partners, a group of hotel investors from Los Angeles (John and Mark Beccaria, principals) coming from a 1031 exchange decided to diversify when they purchased the Children’s Learning Adventure for[mepr-show rules=”58038″]$8.45 million. The stand alone childcare center was a ground up development, built-to-suit by the seller, Cole Real Estate Investments a private REIT of Phoenix (Mark Nemer, CEO) in 2008 for the Children’s Learning Adventure.

Strategically located within a strong employment corridor, west of the northwest corner of Alvernon and Valencia Road, two mile southwest of   I-10. The build-to-suit facility is state-of-the-art designed with infant, preschool and after-school programs in mind. The 25,744 sq. ft building has five specialized learning classrooms specifically designed to provide unique learning opportunities for children. It also has a 30,890 sq. ft. playground on the 3.78 acres for expansion, if needed.

This was the investors’ first asset purchase in Tucson and was attracted to the property for what they believed to be the tenant’s competitive advantage in the marketplace. Children’s Learning Adventure Lifetime Adventures™ curriculum is based on best practices that incorporate the works of early child development theorists Jean Piaget, Erik Erickson, and Lev Vygotsky as well as neuroscientist Bruce Perry’s extensive research in brain development. Lifetime Adventures™ incorporates modern educator’s theories of constructivism including John Bransford, Roger McClintok, Roger Shank and David Elkind. This curriculum follows the guidelines for developmentally appropriate practice set forth by National Association for the Education of Young Children (NAEYC) as well as the national academic school standards.

Children’s Learning Adventure™ is a National, privately-held provider with two locations in Tucson, the second one is at 2190 E River Road. Its curriculum fosters physical growth, cognitive and social-emotional development for children, and incorporating the family and community as an integral component of learning.

A brand new twenty (20) year triple net lease agreement with two five-year renewals options and attractive 10% increases every five years backed by a corporate guarantee helped to seal the deal.

The lender was Hamni Bank, a Korean-American bank with U.S. headquarters in Los Angeles, CA.

Chad Tiedeman of Phoenix Commercial Advisors in Phoenix represented the seller in the transaction while the investor was self-represented.

Nemer at Cole Real Estate Investments may be reached at (602) 778-6000. Beccaria can be contacted at (310) 473-6564. Tiedeman should be contacted at (602) 288-3472.[/mepr-show]