08/19/2020
Blue Oak Middle School Building and Office Now For Sale!
Location: 1248 & 1272 Hayes St, Napa CA 94559
Well maintained 12,495 SF office building built in 1998 originally housed title insurance, interior design, floral, real estate development and other administrative offices.
Current occupant is Blue Oak School, a private school that converted parking spaces to sporting green and sport court. School will occupy till June 2022 and rent back the space at $300,000 per year. Conversion cost back to 46 parking spaces is
Highly favorable OC zoning provides for a range of uses: financial services, banks, medical office and clinic, personal services, fitness, day care, sales and administrative offices.
Auxiliary 1,270 building with 10 parking spots may be leased as additional office. Approximately 2,200 S.F. of additional commercial or residential space could be built.
Structure is ideal for either owner/user or multi-tenant office building. Existing school lease provides income while securing leases and building permits for replacement tenants.
This property has two parcels with a total of 13,765 Rentable Square Feet. The main building consists of two stories with a total of 12,495 Square Feet and the additional parcel offers a 1,270 Square Foot administrative office/home. The existing school tenant will lease back from the Buyer until approximately June of 2022. The estimated rental revenue from the lease back will be $300,000.00 annually, NNN. This property is zoned OC, allowing a wide range of uses including school, medical facility, medical offices and clinic. Strong tenant interest already for 45% of the space when it becomes available. This building can meet parking requirements with conversion of existing sport court and field for approximately $130,000.