Listed by NAI Capital - Orange County
$10,550,000
OCCA Charter School
Details
APN 093-511-27
Property Type Mixed Use, Special Purpose
Sub Type Residential, School
Square Footage 33,933
Net Rentable (SqFt) 33,933
Cap Rate 4.69%
NOI $495,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 8
Lease Expiration 06/30/2031
Remaining Term 4.9
Rent Bumps Yes
Lease Options Six(6) 5-year options
Pro-Forma Cap Rate 5.44%
Pro-Forma NOI $574,000
Price per SqFt $311
Price Per Acre $2,603,174
Broker Co-Op Yes
Class B
Year Built 1965
Year Renovated 2023
Stories 1
Lot Size (SqFt) 192,100
Zoning R-1-7
Investment Type Net Lease
Tenant Credit No Credit Rating
Lease Commencement 07/01/2023
Ground Lease No
Retail | 4.31% CAP | 33,933 SqFt
Marketing description
Orange County Classical Academy is Orange County’s first classical liberal arts free public charter school. In operation for only four years, OCCA wa.ently named a California distinguished school due to the extraordinary test scores of its students. Licensed through Hillsdale College, OCCA is a kindergarten - 6th grade elementary charter school with a 1,200 student wait list for enrollment
Investment highlights
Listing Contacts
Listed by NAI Capital - Orange County
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$495,000.00
$41,250.00/mo
Valuation Metrics
0
DSCR
4.69%
Cap Rate
4.69%
ROI
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