| PRICE : | $3,500,000 |
|---|---|
| CAP RATE: | 5.9% |
| PROPERTY TYPE: | Special Purpose |
| SITE SIZE: | 4.54 Acres |
| BUILDING SIZE: | 17,200 SF |
Highlights
- • Multi-tenant investment opportunity consisting of four buildings
- • Buildings include a daycare, two office buildings and a multi-purpose facility
- • Set on two adjoining parcels totaling ± 3.91 acres and zoned C-3
Description
This former Montessori School Complex consists of four buildings set on two parcels total approximately ±3.91
acres. The buildings are 100% leased to a variety of daycare and office tenants all of which are on three-year or five-year, modified gross leases with tenants paying CAM (including water and sewer).
The buildings consist of a ± 7,000 SF main building leased to a daycare, two ± 2,000 SF buildings and a ± 6,200 SF
multi-purpose facility with high ceilings and roll-up doors. All buildings were constructed between 1996 and 2000 and contain a kitchen and restrooms. The property is ideal for an investor or large daycare operator looking for a future location opportunity. The property is offered for sale at $3,500,000 and a 5.9% cap rate.
