Pasco day care center property sells for $5.79 million

O2B Kids, a day care chain with about 40 locations in Florida, has sold the land one of its schools sits on in Pasco County, about a year after paying $4.34 million to buy it from the Discovery Point School.

The property is at 8700 Trouble Creek Road in New Port Richey. It sold for $5.79 million.

The commercial real estate firm Marcus & Millichap represented O2B Kids and announced the sale. It did not disclose the buyer, but county records show it was a family trust based in Long Beach, California.

According to a spokesperson for the firm, the landlord is not affiliated with the business and O2B Kids will remain as the tenant under a triple net lease with 14 years remaining on it.

The 12,272-square-foot property is next to the 956-acre New Port Corners residential and commercial development near Little Road.

O2B Kids, according to its website, has 63 O2B Kids schools in five states. Of those, 38 are in Florida with 11 in the Tampa market, including three in Riverview near Manatee County.

Dominic Sulo, an investment specialist with Marcus & Millichap in Chicago, listed the property. Ryan Nee was the broker of record in Florida.