Greenville, SC -
Dan Bracken, with Leonardi Bracken Real Estate Inc., announces that Compass Academy, a 53,000 Sq.Ft. building on 30+/- acres in Aiken, South Carolina has closed for $ 1,006,500. The property has been the center of controversy for the past year after Jay Brooks was accused by the South Carolina Attorney General’s Office of securities violations.
The court appointed Receiver in the case, Sherri Lydon, is pleased with the purchase price, as the property, built specifically to be used as a private school, presented unique challenges and was of interest to only a limited number of prospective purchasers.
The purchaser of the building will begin work immediately to complete construction for use as a school.
(Press release written by Leonardi Bracken Real Estate)