Active
991 Commercial ST
PALO ALTO CA, 94303
$5,400,000
$1,148.94 per sqft
Active
4,700 sqft
Commercial
Built in 2004
Listed by Rollins Realty, Richard Rollins, Listing Contact: 6503270375
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. Tours strictly by advance appointment, do not disturb childcare operation!!
ML81971590
MLSⓇ ID
June 30, 2024
Listed
August 23, 2024
Updated
Map
991 Commercial ST
PALO ALTO CA, 94303
Interior Features
Total Stories
1
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.35 Acres
Roof
Tar/Gravel
Sewer
Public Sewer
Other Property Details
Area Name
South Palo Alto
Garage
No
Parking
Off Street
Parking Total
20
View
No
County
Santa Clara
Water Source
Public
Pool
No
Zoning
GM
Listed by Rollins Realty, Richard Rollins,
Listing Contact: 6503270375
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Data last updated 7:09 PM UTC, 8/23/2024