$ 5,400,000
991 Commercial ST Palo Alto, CA 94303
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$ 5,400,000
Est. payment | /mo
4,700 SqFt
$ 5,400,000
Est. payment | /mo
4,700 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,700 sqft
Price per Sqft $1,148
MLS Listing ID ML81971590
HOA Y/N No
Year Built 2004
Lot Size 0.350 Acres
Acres 0.35
Property Description
Bright Horizons at Palo Alto Shoreline across 101 from Google HQ in Prime Silicon Valley location. 5% CAP RATE, Excellent, secure long term investment opportunity Triple Net long term lease to Bright Horizons Preschool, the nations largest provider of daycare facilities with over 1000 childcare centers worldwide Publicly traded company NYSE (BFAM) Developed and operated for years by Wonder Years, owners sold the childcare business in 2023 to Bright Horizons, retaining the property and building ownership, with long term NNN leases to Bright Horizons. 2 other, larger , newer Bright Horizons facilities in Mt View also available as part of a 3 building Long Term NNN offering. do not disturb childcare operation!! SELLER WILLING TO CARRY UP TO $1,000,000.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning GM
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Exterior
Roof Type Tar/Gravel
Total Parking Spaces 20
Building
Story 1
Water Public
Others
Tax ID 14701123
Listed by Richard Rollins • Rollins Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
25101 The Old Road Suite 240, Ranch, Ca, 91381, United States