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CHANDLER, AZ-A developer of restaurant and for-profit educationfacilities has sold a 14,995-sf building, leased to Tutor Time, toa California investor for $5.48 million.
Located at 2050 W. Ray Rd., the single-tenant building, situatedon two acres, was completed in 2004. Tutor Time, operating underthe business name Capital Academic Charter School Systems ofPhoenix, signed a 22-year lease in March 2005, says Jamie Medressof Marcus & Millichap Real Estate Investment Brokerage Co. inPhoenix.
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