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1650 Mountain Boulevard, Oakland, CA 94611 For Sale

JS
CA 01822505
Colliers - San Francisco - Pleasanton, California
Listed by Colliers - San Francisco - Pleasanton, California
$3,936,000
84 days on market
Updated 84 days ago

1650 Mountain Boulevard

Details
Property Type Retail, Special Purpose
Sub Type Day Care/Nursery, School
Square Footage 4,800
Cap Rate 5.00%
NOI $196,800
Occupancy 100%
Tenancy Single
Rent Bumps Yes
Acreage 0.540
Investment Type Stabilized
Ground Lease No

Long term, NNN lease investment

Marketing description

1650 Mountain Blvdis a unique, character-rich commercial property located in the highly desirable Montclair district near Piedmont. Originally constructed in 1926, the property historically operated as an upscale banquet facility and has since been thoughtfully converted into a highly profitable preschool. The site features approximately4,800± square feetof building area situated on a0.54-acre (24,000± SF)lot, with extensive improvements and a campus-like setting surrounded by mature landscaping. Secure and well-maintained, the property has been tastefully updated to enhance a nurturing learning environment while prioritizing student safety.

Investment highlights

New, 10 year NNN lease commencing upon close of escrow (Longer term considered)

Annual increases - 2%

2-10 year options

Corporate Guarantee

Affluent area, high barrier of entry for School uses.

Listing Contacts

JS
CA 01822505
Colliers - San Francisco - Pleasanton, California
Listed by Colliers - San Francisco - Pleasanton, California

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$196,800.00
$16,400.00/mo

Valuation Metrics

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DSCR
5%
Cap Rate
5%
ROI

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