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Follow on Google News | Quattro Development converts brewery to a school - sells site for $7.7 millionThe 1.23 acre site with an 7,679 sf building sold for $7,715,356 equating to a 6.68% cap rate
By: Quattro Development The Quattro Development project involved the renovation of a brewery to a Guidepost Montessori school. Construction began during Q3 2022 with an expected tenant opening in Q2 2023. The redeveloped site sold for $7,715,356, equating to a 6.68% cap rate. Chris Urban of NNN Pro Group was the listing agent on the sale. According to Quattro Development's Rob Walters, "Guidepost Montessori has become one of the earliest childhood education providers in and around the nation's capital. They have had strong enrollment growth and continue to provide a service that is in high demand." Area retail includes Harris Teeter, Giant Food, Starbucks, Chipotle, and Chick Fil A. The project is Quattro Development's fifth Guidepost Montessori in the DC metro area. Previous projects include Guidepost Montessori locations in Montclair, VA; Waldorf, MD; Rockville, MD; and Bethesda, MD. About Quattro Development: End
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