22230 Ottawa Road , Apple Valley CA 92308 US

INVESTOR’S DELIGHT! A 30-year NNN lease w/tenant option to purchase at $6.5M on 6th year—07/01/2020. Tenant is a non-profit Christian School founded in 1976 (41 years ago) which covers Daycare, Preschool and K-12 grade students. Since opening at this location on 07/01/2014, student enrollments ...

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22230 Ottawa Road
Apple Valley CA 92308 US

#EV15264813

Courtesy of: GARY BARNES, CALIFORNIA LIFE PROPERTIES INC

$4,499,000

22230 Ottawa Road INVESTOR’S DELIGHT! A 30-year NNN lease w/tenant option to purchase at $6.5M on 6th year—07/01/2020. Tenant is a non-profit Christian School founded in 1976 (41 years ago) which covers Daycare, Preschool and K-12 grade students. Since opening at this location on 07/01/2014, student enrollments have increased and continues to climb in both local and foreign exchange students. Current monthly lease income is approx. $23k however, an savvy investor with foreign contacts could increase that ROI by assisting the tenant in increasing its foreign exchange student population. On 10/01/2014, the appraisal came in at $4,540,000.00. With approx. 8% per year market increases, the current valuation should be approximately $5.2M.

  • Facts
  • Built in: 1989
  • Property Type: Commercial
  • Property Sub-type: Other
  • Features
  • Cooling System: Central A/C, Zoned A/C
  • Roof Type: Unknown
Listing Changed: 5/8/2018 8:11:59 PM GMT
Source Updated Date: 5/21/2018 3:07:20 AM GMT

Courtesy of: GARY BARNES, CALIFORNIA LIFE PROPERTIES INC

Listing Source - ListHub

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