22230 Ottawa, Apple Valley

$3,999,000
MLS: EV15264813

List Price: $3,999,000
MLS Number: EV15264813
Property Class: CommercialSale
22230 Ottawa, Apple Valley, 92308

Year Built: 1989
County: San Bernardino
Property Sub Type: Specialty

Property Description

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.

Year Built: 1989
Condo Area Units: Square Feet
Business Type: Education/School
Building Area Total: 43050
Building Area Units: Square Feet
Construction Materials: Concrete
Days On Market: 671
Electric: Electricity – On Property,Heavy
Stories Total: 2
Roof: Asphalt,Rolled/Hot Mop,Shingle
Utilities: Natural Gas Available,Underground Utilities,Water Connected
Water Source: Agricultural Well
Zoning: C1
Current Commercial Use: School
Industrial Type: Warehouse/Office
Industrial Square Footage: 13968
Land Use: Industrial,Other
NumberOfBuildings: 1
Number Of Units Leased: 2
Office Square Footage: 29107

Heating: Forced Air,Electric,Natural Gas,High Efficiency
Parking Total: 97
Inclusions: Land, Building, Lease and adjacent Vacant Land that’s North on Nomwaket Rd
Security Features: Fire and Smoke Detection System,Fire Rated Drywall,Fire Sprinklers,Firewall(s),Security Lights,Security System
Building Features: Phone System

Directions: I15; East on Bear Valley Rd; North on Navajo Rd; East on Ottawa Rd to PIQ on NE Corner at Nomwaket Cross Streets: NE Corner fo Nomwaket & Ottawa

This Listing is Courtesy of: CALIFORNIA LIFE PROPERTIES INC. This information is deemed reliable, but not guaranteed. The buyer is responsible for verifying all information. This information is provided for use by its members and is not intended for any other purpose. This information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is updated on a daily basis. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.