An entity tracing to Kathryn L. McEuen acquired the Primrose School of Gilbert at San Tan property Aug. 18 for $5 million from an entity tracing to Neeta Manubhai Madhavbhai Bhakta, according to commercial real estate website vizzda.com.

The deal was made with $10,000 down and two Small Business Administration loans totaling $6.18 million, originating with First Bank of the Lake. The notes have a maturity date of Aug. 15, 2050.

The property at 4050 S. Val Vista Drive, Gilbert, has an 11,777-square-foot day-care center built in 2015 on 1.58 acres zoned shopping center by the town of Gilbert. It has a secure playground and  about 47 parking spaces (including 2 ADA) per aerial imagery.