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22230 OTTAWA ROAD, APPLE VALLEY, CA 92308

  • $3,999,000 -$491,000
  • 0Beds
  • 0Baths
  • Sqft
  • Style
  • Commercial
  • Listed Date 12/18/2015
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  • Open House
  • NEWLY PRICED -$491,000
  • Luxury
  • Pending
  • New Listing 12/18/2015
  • Coming Soon
  • Sold
  • Rental
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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 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.

Listing courtesy of: GARY BARNES, CALIFORNIA LIFE PROPERTIES INC
  • Property type: Commercial
  • Status: Active
  • List Price: $3,999,000
  • MLS# EV15264813
  • Beds: 0
  • Baths: 0
  • Listed: 12/18/2015
  • Sqft:
  • Additional Parcels Description: 3087391290000
  • Age: 28
  • Anchors Co Tenants: Pvt School/Church
  • Attached Garage YN: No
  • Auto Sold YN: No
  • Builder Name: Cambridge
  • Building Area Total: 43050
  • Building Area Units: Square Feet
  • Building Features: Phone System
  • Building Status: Existing
  • Construction Materials: Concrete
  • Cooling: Central, Electric, Gas, High Efficiency, Zoned
  • Cooling YN: Yes
  • County Or Parish: San Bernardino
  • Electric: Electricity - On Property, Heavy
  • Fencing: Chain Link, Excellent Condition
  • Heating: Electric, Forced Air, Natural Gas, High Efficiency
  • Heating YN: Yes
  • Fireplace YN: No
  • Foreclosure YN: No
  • New Construction YN: No
  • Pool YN: No
  • REO or Bank Owned YN: No
  • Roof: Asphalt, Rolled/Hot Mop, Shingle
  • WaterWellYN: No
  • Year Built: 1989
  • Zoning: C1

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Nearby Schools

phoenix academy (k-5)
20700 thunderbird rd
apple valley, CA 92307
place3.11 miles from listing, web Website 24 students per teacher Educational climate index: below average
50 staff members 1200 total students Poverty level:16 - 29.9 percent percent Enrollment change: More than -50%/+50%
rancho verde elementary school (k-5)
14334 pioneer rd
apple valley, CA 92307
place1.23 miles from listing, web Website 25 students per teacher Educational climate index: below average
30 staff members 770 total students Poverty level:16 - 29.9 percent percent Enrollment change: +20% to +50%
granite hills high school (k-5)
2290 esaws
apple valley, CA 92307
place1.23 miles from listing, web Website 26 students per teacher Educational climate index: below average
72 staff members 1879 total students Poverty level:16 - 29.9 percent percent Enrollment change: -5% to -10%
sandia elementary school (k-5)
21331 sandia rd
apple valley, CA 92308
place2.37 miles from listing, web Website 26 students per teacher Educational climate index: below average
36 staff members 966 total students Poverty level:16 - 29.9 percent percent Enrollment change: +20% to +50%
yucca loma elementary school (k-5)
21351 yucca loma rd
apple valley, CA 92307
place1.20 miles from listing, web Website 23 students per teacher Educational climate index: below average
26 staff members 600 total students Poverty level:16 - 29.9 percent percent Enrollment change: +5% to +10%
vanguard preparatory school (k-5)
12951 mesquite rd
apple valley, CA 92308
place0.97 miles from listing, web Website 25 students per teacher Educational climate index: below average
50 staff members 1250 total students Poverty level:16 - 29.9 percent percent Enrollment change: +1% to +5%
apple valley high school (k-5)
11837 navajo rd
apple valley, CA 92308
place1.93 miles from listing, web Website 25 students per teacher Educational climate index: below average
88 staff members 2200 total students Poverty level:16 - 29.9 percent percent Enrollment change: +1% to +5%
valley christian (k-5)
19923 bear valley rd
apple valley, CA 92308
place3.28 miles from listing, web Website 5 students per teacher Educational climate index: below average
6 staff members 34 total students Poverty level:16 - 29.9 percent percent Enrollment change:
mojave christian school (k-5)
22240 sioux rd
apple valley, CA 92308
place1.29 miles from listing, web Website Not Reported students per teacher Educational climate index: below average
staff members total students Poverty level:16 - 29.9 percent percent Enrollment change:
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