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Property profile & analytics
FOR LEASE
Day care centers

991 Commercial St Palo Alto, CA 94303-4908

4,485 SF 0.35 ac lot Built 1959
Entity Owned 21-yr Hold Absentee Owner Free & Clear
Property ID
US10-2999327
Property summary
AI-generated overview

This exceptional investment opportunity presents a portfolio of three daycare facilities located in Palo Alto, California, near Google's headquarters. The properties are offered as a 1031 exchange eligible portfolio, providing a compelling tax-advantaged investment strategy. Each facility operates under a long-term, absolute triple-net (NNN) lease with Bright Horizons Family Solutions, a publicly traded company (NYSE: BFAM), the nation's largest daycare operator, ensuring stable and predictable cash flow. The portfolio boasts a 5.00% capitalization rate, representing a strong return on investment in the highly desirable Silicon Valley market. The asking price for the entire portfolio is $5,400,000. The properties are situated at 991 Commercial Street, Palo Alto, CA 94303, within Santa Clara County, offering convenient access to major transportation routes and a thriving community. This is a rare opportunity to acquire a well-established, high-performing portfolio with a blue-chip tenant in one of the nation's most dynamic and sought-after real estate markets. The long-term leases minimize management responsibilities, making this an ideal investment for passive income seekers. The portfolio's strong performance and prime location make it an attractive addition to any diversified investment portfolio. Serious inquiries are encouraged.

Property profile
Verified
Property type Day care centers
Use group DAY CARE, PRE-SCHOOL
Year built 1959
Total area 4,485 SF
Lot 0.35 ac (15,333 SF)
Zoning code GM
APN 147-01-123
UPID US10-2999327
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Bright Horizons at Palo Alto Shoreline Daycare Center
  • The Wonder Years Palo Alto High School Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$395k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$385k
Owner & transaction history
Shak Properties LLC · 21 yrs held
Shak Properties LLC
since 2004
7 recorded transactions
2004
Price N/A
2004
Price N/A
1997
$2.8M
1994
Price N/A
1994
Price N/A
1992
Price N/A
1969
Price N/A
Zoning & alternative use
GM · Palo Alto, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The GM general manufacturing district provides for light manufacturing, research, and commercial service uses. Office uses are very limited in order to maintain the district as a desirable location for manufacturing uses

Zone name General Manufacturing
General category INDUSTRIAL
Zone area 106.71 ac
Source Realmo
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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