991 Commercial Street , Palo Alto, CA 94303
Palo Alto, CA 94303
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. Tours strictly by advance appointment, do not disturb childcare operation!!
Details
| MLS# | ML81971590 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2004 |
| Days On Site | 74 |
| Listing Provided By | Rollins Realty 650-327-0375 | Richard Rollins |
Features
| SQ Feet | 4,700 |
|---|---|
| Story(s) | 1 |
| Zoning | GM |
| Acreage | 0.35 |
Market Activity 94303
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Learn More About This Property
| State | CA |
|---|---|
| County | Santa Clara |
| City | Palo Alto |
| Zip Code | 94303 |
| Area | 699 Not Defined |
| Listing VS Median (in 94303) | |
Price: $5,400,000 low | high Med: $1,585,000 SqFt: 4,700 low | high Med: 2,217 $ / SqFt: $1,149 low | high Med: $716 On Site: 74 low | high Med: 63.000000 | |