991 Commercial Street

Palo Alto, CA 94303

$5,400,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

2004

calendar_month Built

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.

Listing Information

List Price $5,400,000
Status Active
MLS ML81971590
HOA $0
Type Commercial
Year Built 2004
Lot Size 15,246
Structure Size N/A
DOM 80
Courtesy Of Rollins Realty
Listing Agent Richard Rollins DRE#00372659

Interior Features

Total Bedroom
Bedrooms N/A
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

Listing information courtesy of: Richard Rollins, Rollins Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 18th, 2024 at 11:58 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.