The property is improved with two structures. The first structure is a 2-story house with an attached 2 car garage comprised of a living room (office), kitchen, bathroom, laundry area and classroom on the ground floor and 2 bedrooms and a bathroom on the second floor. The second structure is a single-story classroom with a bathroom. While the rear yard area is utilized as a playground. The property has been continuously operated as a Pre-School for over 50 years and the existing preschool is licensed for 34 students. The current lease expires on August 31, 2025.The asking rent is $8,000/Mo. NNN (approximately $2.96/SF) for the first three years and $8,500/Mo. NNN for years 4 and 5.The property is located just one lot south of Foothill Blvd. in the affluent community of La Canada Flintridge. The designation as Mixed Use 2 allows for various property uses including Pre-Schools. This is an excellent opportunity for another Pre-School to lease space already designed and operated as a Pre-School to either expand their existing business or start a new Pre-School. Lease to commence after August 31, 2025.Property is on Septic System.
Lechavarria@onthegorealestate.com
