Property Description

Sale-leaseback. Current owner is a Montessori preschool operator and looking to leaseback on a long term lease. Operator owns 4 Montessori preschools in Orange County and has been operating Montessori preschools since 2009. Recent appraisal was $6.6 million and owner will prepay rent for the entire 2021. This class A property was new construction completed in 2018 and is the only child care provider in the new community of Rancho Mission Viejo. Property is priced at a 6% cap rate to move fast. This is an absolute NNN lease where tenant will take care of everything and buyer will have zero responsibility for the property. Child Care is an essential business and will continue to grow. Enrollment numbers are ~80% of pre-COVID and are growing each month.

: Stackable
Additional Information
Bay Property Management & Rlty
: Standard

Commercial Sale For Sale

74 Esencia, Rancho Mission Viejo, California 92694

14,194 Sqft
Listing ID #OC20235212
Basic Details
Status : Active under contract
DaysOnMarket : 137
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : OC20235212
Price : $6,500,000
Living Area : 14,194 Sqft
Year Built : 2018
Price Per Square Foot : $458
ModificationTimestamp : 2021-03-23 17:25:24
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