Address
74 Esencia Rancho Mission Viejo, CA
Price
$ 6,500,000
Property Attributes
  • MLS#OC20235212
  • TypeCommercial
  • CountyORANGE
  • CityRancho Mission Viejo
  • AreaEsencia
  • Zip92694
  • StyleSpecialty
  • Price$ 6,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage14194
Listing Provided Courtesy Of:
Scott Ayres with Bay Property Management & Rlty.
Property Description

Sale-leaseback. Current owner is a Montessori preschool operator and looking to leaseback on a long term lease. Operator owns 4 Montessori preschools in Orange County and has been operating Montessori preschools since 2009. Recent appraisal was $6.6 million and owner will prepay rent for the entire 2021. This class A property was new construction completed in 2018 and is the only child care provider in the new community of Rancho Mission Viejo. Property is priced at a 6% cap rate to move fast. This is an absolute NNN lease where tenant will take care of everything and buyer will have zero responsibility for the property. Child Care is an essential business and will continue to grow. Enrollment numbers are ~80% of pre-COVID and are growing each month.

Price History
11/7/2020 Listed $6,500,000

General Features

Business Type Child Care
Directions Route 74 East from I-5. North on Antonio, right on Cow Camp, left on Esencia. At first roundabout
Listagentaor Orange County
Listing Agent Scott Ayres - BRE#01447074
Listing Agent State License 01447074
MLS Area ESEN - Esencia
Price Per Square Foot 457.94
Property SubType Specialty
Property Type Commercial Sale
Source System CRMLS
Special Listing Conditions Standard

Interior Features

Condo Area Unit Type Square Feet
Laundry Features Stackable
Total Stories 2

Exterior Features

Building Area Total 14194.00
Lot Size Source Appraiser
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92694

Price
AVG $6.5M
$6.5M
Visits
AVG 3
2
Year Built
AVG 2018
2018

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