(530) 545-0340 Rene@InvestInTahoe.com

3441 Spruce Avenue South Lake Tahoe CA 96150 | MLS 129975

Image1Image2
1 of 2
$950,000
3441 Spruce Avenue
South Lake Tahoe CA 96150
Comm/Ind/BusOpp / Commercial

Outstanding investor property that is perfect for the passive investor looking for a favorable rate of return PLUS a 1-acre contiguous vacant parcel included in the package price–TRPA records show 30% coverage allowed. The licensed lessee operates approx 150 child care facilities in California serving over 20,000 children. The lease is an ABSOLUTE triple net lease so the lessee is responsible for all expenses and maintenance. Monthly lease amount of $4438.13 is NET to the owner ($53,258 annual). The existing lease runs through 4/30/2030 for great long term income security. Back out the value of the adjoining vacant 1-acre parcel and this investment opportunity delivers a cap rate in the mid 6’s. This building was designed and built in 1977 to be a child care facility and has operated as such since new. Perfectly situated for this purpose adjacent to the Bijou Elementary School and adjoining soccer fields.
Ask a Question
Send to a Friend
Status: 
Active Pending
MLS: 
129975
Property Type: 
Commercial
Square Feet: 
4,550 (approx)
Lot Size: 
32,801 sqft / 0.75 acres (approx)
Listed: 
Oct 1, 2018 (51 days)
Year Built: 
1977
 
Ceiling Height: 
Other/See Remarks
Construction: 
Wood Frame
Fenced: 
Back
Floor: 
Other/See Remarks
Foundation: 
Concrete Slab
Heating/cooling: 
Natural Gas
Number Of Stories: 
Two Story
Roof: 
Pitched, Composition
Type Of Business: 
Other/See Remarks
Utilities: 
Electricity, City Sewer, Natural Gas, Cable TV, Telephone, City Water
Water Heater: 
Natural Gas
Windows: 
Double Pane, Metal Frame
Updated: Wednesday, Nov 21 2018
You have viewed 31 properties

disclosure
Courtesy of Douglas Rosner of Chase Int’l South Tahoe Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the South Tahoe Association of Realtors. Detailed information about real estate listings held by brokerage firms other than Got It! Real Estate include the name of the listing broker. Neither the listing company nor Got It! Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2018. South Tahoe Association of Realtors. All rights reserved.
3441 Spruce Avenue
South Lake Tahoe, CA