$4.62M Sale Leaseback of a Lightbridge Academy Property in Bethlehem, Pennsylvania
christopherwiener
Apr 2
2 min read
BETHLEHEM, Penn., March 18, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a net-leased child care facility tenanted by Lightbridge Academy in Bethlehem, Pennsylvania. The property sold for $4,620,000.
“We are proud to have represented both the buyer and seller in this sale-leaseback transaction, securing a strong investment for all parties,” said Colin Reder, associate. “With a brand-new 15-year triple-net lease in place, the property offers long-term stability and zero landlord responsibilities.”
Reder, Derrick Dougherty and Scott Woodard, investment specialists in Marcus & Millichap’s Philadelphia office, had the exclusive listing to market the property on behalf of the seller, a local operator and private investor. The team also procured the buyer, a local private investor.
“Located in a high-traffic area with an average household income of $102,000 within three miles, this property offers an ideal blend of stability and growth,” said Woodard, first vice president investments. “With proximity to educational systems and major employers, it remains a strong investment in a thriving community."
Located at 3001 Linden St., the property sits on a signalized corner lot spanning 1.85 acres. Built in 2018, the 10,780-square-foot building is positioned in a densely populated area with more than 76,000 residents within a 3-mile radius.
Marcus & Millichap, Inc. is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion in 2024. The company had 1,712 investment sales and financing professionals in more than 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate at year end. For additional information, please visit www.MarcusMillichap.com.
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