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Real estate

Goddard School property sells for $4.5 million in Gilbert

The Goddard School of Gilbert–Warner, an 8,068-square-foot child care facility, sold March 27, 2026, for $4.5 million, according to commercial real-estate website vizzda.com.

An entity traced to Frank H. Gaspardi purchased the property at 720 E. Warner Road from an entity traced to Jacob W. Thompson. The transaction included a $2.625 million down payment and $1.875 million in new debt financed through Arizona Financial Credit Union.

Marketing materials list the property’s net operating income at $335,660, reflecting a capitalization rate of 7.46% based on the sale price.

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