About 991 Commercial St
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.
Features of 991 Commercial St
MLS® # | ML81971590 |
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Price | $5,400,000 |
Square Footage | 4,700 |
Square Footage | Other |
Acres | 0.35 |
Year Built | 2004 |
Type | Common Interest |
Sub-Type | Commercial Property |
Status | Active |
Community Information
Address | 991 Commercial St |
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Area | South Palo Alto |
City | PALO ALTO |
County | Santa Clara |
State | CA |
Zip Code | 94303 |
Amenities
Utilities | Public Utilities |
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Parking Spaces | 20 |
Is Waterfront | No |
Interior
Heating | Central Forced Air Heat |
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Cooling | Central Air Conditioning |
Fireplace | No |
# of Stories | 1 |
Exterior
Roof | Tar and Gravel Roof |
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Foundation | Concrete Slab |
Additional Information
Zoning | GM |
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Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Richard Rollins |
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Office | Rollins Realty |
Contact Info | 650-327-0375 |