1450 63rd St
Emeryville, CA 94608
Guidepost Montessori · Specialty Property For Sale · 12,000 SF
![1450 63rd St, Emeryville, CA for sale - Building Photo - Image 1 of 1](https://images1.loopnet.com/i2/pDObGvj7ya6KZvmPtiW_pXNbw4Ny2oBiJtsZVEDH_O0/110/1450-63rd-St-Emeryville-CA-Building-Photo-1-Large.jpg)
PROPERTY FACTS
ABOUT 1450 63RD ST , EMERYVILLE, CA 94608
Capital Pacific is pleased to present an opportunity to acquire Guidepost Montessori Emeryville, an internet-resistant, NNN investment in the Bay Area. The subject property features an attractive 20-year lease term (16.8 years left) and is enhanced with 3% annual rent increases, as well as three 5-year options to extend the lease. The property features an absolute NNN lease, meaning that the tenant is responsible for all operating expenses, repairs, maintenance, insurance, and taxes. There is zero landlord expense responsibility. The property is an established school site within an affluent, highly-educated trade area. The school has been renovated and is now operating under the successful Guidepost Montessori brand, the largest Montessori school operator in the United States with significant financial backing. The lease is guaranteed by Guidepost’s parent company, Higher Ground Education (HGE). The property is located in the highly-desirable Bay Area city of Emeryville, CA. The property is in close proximity to an attractive array of corporate headquarters, including Pixar, Clif Bar, and Bayer. Emeryville is sandwiched between Berkeley and Oakland, and has become a desirable destination for affluent, educated Bay Area residents to settle and raise families, as well as a hub for many tech startups, biotech, and other thriving industries.
PROPERTY TAXES
Parcel Numbers |
Multiple
|
Improvements Assessment | $6,647,578 |
Land Assessment | $3,859,883 | Total Assessment | $10,507,461 |
ZONING
Zoning Code | OT/DH |
Listing ID: 16379103
Date on Market: 6/18/2019
Last Updated:
Address: 1450 63rd St, Emeryville, CA 94608
The Specialty Property at 1450 63rd St, Emeryville, CA 94608 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.