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5.06 acres in San Bernardino County, California

22230 Ottawa Road, Apple Valley, California 92308 - San Bernardino County
$3,999,000 5.06 Acres
43050 Sq.Ft.
Property ID 2946253

Description

INVESTOR'S DELIGHT! A 30-year NNN lease w/tenant option to purchase at $6.5M on 6th year07/01/2020. 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 come in at around $5.2M or so. Contact me directly for information regarding tenant debt which is included as a bonus to the purchase price giving the buyer various options.

Directions

I15 East to Navajo Rd; North to Ottawa Rd; East to PIQ on NE Corner of Ottawa & Nomwaket. Adjacent Parcel faces Nomwaket directly behind 22230 Ottawa Rd.

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GARY BARNES

CALIFORNIA LIFE PROPERTIES INC

8790 SVL BOX
VICTORVILLE, CA

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