SSGA Closes Real Estate Sale in Colorado Springs, Colorado

October 9th, 2015 | Posted in Daycare Real Estate & Other Education Business Closing Announcements

10/7/2015-  SSGA is pleased to help a client in the disposition of a dark child care center in Colorado Springs, Colorado.   This property was the home of a national child care operator for over 30 years, but in recent years fell on hard times as demographics changed and eventually the operator closed the school at the termination of the lease.  Failing to find another operator on their own, and failing to identify an investor to buy the school, the owner turned to SSGA to help them with this disposition.

SSGA worked with the constraints of the seller and the asset itself–last asset in a pool, no seller financing available, no appetite for extended escrow while a new license was obtained, limited parking, and deferred maintenance as a result of tenant woes–and identified types of buyers who might make a play for the asset.  These included local independent child care operators, church and faith based groups, and medical users.  In the end, SSGA procured an independent medical facility operator who intends to convert the asset into a residential medical care facility.

While SSGA is the early childhood education expert, think of us also as a resource when an aging childcare facility needs to be reinvented for its next life!

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