991 Commercial St Palo Alto, CA 94303-4908

Property Details for 991 Commercial St

Year built

1959

Lot size

0.35 lot acres

Property size

4,485 SF

Zone code

GM

Property type

Day care centers

APN

147-01-123

APU

14701123

Description

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.

Location Insight

City

Palo Alto

County

Santa Clara

State

California

Longitude

-122.1

Latitude

37.4251

CBSA code

41940

CBSA name

SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments