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Cosmic Education 11 Professional Center Pky 7,730 SF Retail Building San Rafael, CA 94903 $11,482,838 CAD ($1,485.49 CAD/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 20-year corporate net lease featuring 2% annual rental increases
- 8,000+ systemwide enrollments projected by year end 2025
- Historically prominent retail/office location in premier suburban enclave
- Lease features a full-term corporate guaranty from tenant’s parent company
- Cosmic Education Group owns a network of 100+ Montessori schools in the U.S. and Asia and is led by seasoned executives in early childhood education
- Marin County is a high barrier to entry market for education resulting in high enrollments and tuitions
EXECUTIVE SUMMARY
A 20-year corporate net lease Cosmic Education featuring 2% annual rental increases located in Marin County, California. Marin County is an affluent area with limited daycare options where tenant has had great success with enrollments.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Day Care Center
Building Size
7,730 SF
Building Class
C
Year Built
1971
Price
$11,482,838 CAD
Price Per SF
$1,485.49 CAD
Cap Rate
7.50%
NOI
$861,223 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.91 AC
Zoning
O
Frontage
170’ on Professional Center Parkw
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $4,391,136 CAD | |
| Land Assessment | $1,535,166 CAD | Total Assessment | $5,926,302 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,535,166 CAD
Improvements Assessment
$4,391,136 CAD
Total Assessment
$5,926,302 CAD
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Cosmic Education | 11 Professional Center Pky
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