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22230 Ottawa Road
Apple Valley CA 92308 US

$4,499,000

Active MLS #EV15264813
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Built in 1989
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Other

$4,499,000

Active MLS #EV15264813
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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.

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Property Features

  • 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: 10/11/2018 10:01:48 PM GMT
Source Updated Date: 10/18/2018 3:15:47 AM GMT

Courtesy of: GARY BARNES, CALIFORNIA LIFE PROPERTIES INC

Listing Source - ListHub

Copyright © 2018 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.