NC Charter School Commands $9M

The deal marks Charter School Capital’s first acquisition in the state. The company plans to expand the facility to accommodate the school’s further growth.

Charter School Capital has acquired Wayne Preparatory Academy, a charter school currently serving grades K-6 in Goldsboro, N.C. American Charter Development sold the property in a $9.2 million deal, while the buyer completed the purchase through its facilities arm, American Education Properties.

Located at 600 Tommy’s Road, the property is the first charter school facilities transaction by Charter School Capital in North Carolina. Wayne Preparatory Academy is a 31,461-square-foot complex constructed on a 50-acre site in 2014. The school has 17 years remaining on a 20-year lease, which the buyer will assume and reconfigure as part of the deal…

NC Charter School Commands $9M

Categories : Finance

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