991 Commercial Street, Palo Alto, CA 94303
  • MLS#: ML81971590 ( )
  • Street Address: 991 Commercial Street
  • Viewed: 2
  • Price: $5,400,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2004
  • Bldg sqft: 0
  • Days On Market: 139
  • Additional Information
  • County: SANTA CLARA
  • City: Palo Alto
  • Zipcode: 94303
  • Provided by: Rollins Realty
  • Contact: Richard Richard
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Building Area Total
  1. 4700.00
Cooling
  1. Central Air
Heating
  1. Forced Air
Otherexpense
  1. 0.00
Otherincome1
  1. 0.00
Parcel Number
  1. 14701123
Professionalmanagementexpense
  1. 0.00
Roof
  1. Tar/Gravel
Totalexpenses
  1. 0.00
Trash Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 2004
Year Built Source
  1. Other
Zoning
  1. GM