22230 Ottawa, Apple Valley

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

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