74 Esencia, Rancho Mission Viejo CA, 92694

Sold

74 Esencia

Rancho Mission Viejo CA, 92694

$6,500,000

$457.94 per sqft

Sold

14,194 sqft

Commercial

Built in 2018

Listed by Scott Ayres with Bay Property Management & Rlty 714-651-7112

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.

OC20235212

MLSⓇ ID

November 7, 2020

Listed

February 10, 2024

Updated

Map

74 Esencia
Rancho Mission Viejo CA, 92694

Interior Features

Total Stories: 2
Laundry Description: Stacked
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 1.1 Acres
Lot Features: Lot Over 40000 Sqft

Other Property Details

Area Name: ESEN - Esencia
Days on Market: 135
Garage: No
View: No
County: Orange
Water Source: Public
Pool: No
Buyer Agency Compensation: 1%

Listing Contact: 714-651-7112

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/10/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 2/10/2024 at 7:05 AM UTC