991 Commercial St Palo Alto, CA 94303-4908
For Lease
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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.
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Bright Horizons at Palo Alto Shoreline Daycare Center
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The Wonder Years Palo Alto High School Daycare Center
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
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
GM · Palo Alto, CAThe 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
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.