991 Commercial St, Palo Alto, CA 94303
- Day care centers
- 4,485 SF
- 0.35 lot acres
Current Use by Public Records
- Bright Horizons at Palo Alto Shoreline / Daycare Center
- The Wonder Years Palo Alto / High School / Daycare Center
Property Details for 991 Commercial St
- Year built
- 1959
- Lot size
- 0.35 lot acres
- Zone code
- GM
- Property type
- Day care centers
- APN
- 147-01-123
- APU
- 14701123
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 18, 2004 | — | Shak Properties LLC | Owner,record | Grant Deed · related | — |
| Feb 27, 2004 | — | Shak Properties LLC | Nearon-doyas Properties LLC | Grant Deed | $1M · California Bank & Trust |
| Dec 31, 1997 | $2,770,000 | Nearon-doyas Properties LLC | Nearon,david A | Trustees Deed · related | $385k · Union Bank Of California |
| Apr 28, 1994 | — | David A Nearon | Nearon,linda C | Quit Claim Deed · related | — |
| Mar 22, 1994 | — | David A Nearon | Nearon-doyas-hin | Quit Claim Deed · related | — |
| May 27, 1992 | — | Elaine Doyas Trustee | Doyas,elaine N | Quit Claim Deed · related | — |
| — | — | Nearon-doyas Properties LLC | — | Deed Of Trust · related | $275k · Union Bank Of California |
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.
Value Estimations
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Location Insight
- Map
- Local Demand
- 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
