Child Care Building For Sale

Fort Collins, CO (Larimer County)

Child Care Building For Sale
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Asking Price: $1,900,000

Gross Revenue: $936,000

Price/Sq. Ft.: $523.00

NOI: $644,760

Building SF: 3,708

FF&E: $5,000

Year Built: 1985

Child Care Building For Sale

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Property Description

Child Care Ready Building in Fort Collins For Sale!

Are you ready to own or expand your own child care? Due to Ernie's eye health The Learning House, a licensed child care which operates as a private Science and Math school, is closing its doors on June 30, 2019 and our building is for sale or lease.

This is an income producing property and is being sold as such. Check this out: According to the Early Childhood Council of Larimer County, the average cost of child care in 2018 was $325 per week per child! And the cost keeps going up and up. This building will care for up to 60 children; that amounts to a possible gross annual income of $936,000! At the asking price of $1,900,000 you will get a cap rate of 49%! Check out the attached income/expense sheet to see how the numbers work.

If you're an investor, you can lease the building to a child care for $12K plus NNN per month and your cap rate will be 7.6%; easy money!

This building is ready for the owners of a child care to move in and start business. For the last 17 years The Learning House, current owners and sellers, have had a child care license for children ages 3-7. We have passed all state, fire, and health inspections.

The best part about our property is its appearance. From the outside, it looks like you're walking into somebody's home. When you get inside, you'll find 5 classrooms ready for children to begin their explorations and understanding of their world.

Are you ready to be the owner of an income producing child care?

Attached Documents


Detailed Information

Location:
Fort Collins, CO
Type:
Other Business Real Estate
Building SF:
3,708
Building Status:
Established
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This property has been well maintained. In the last 10 years, we've added a 626 sf addition with its own bathroom, heater, air conditioning unit, utility sink, and mud room, put on a new roof, painted the inside/outside, replaced light fixtures, replaced carpet in 90% of the building, replaced a bathroom floor, replaced furnace, and added a front porch. This building is ready for a child care to move in, get a child care license, and start caring for children.
Reason for Selling:
We are selling due to health reasons.
Current Property Expenses:
Currently, we are paying on an annual basis $2600 in utilities, $2000 for phone/internet, $3800 for building/liability insurance, and about $1000 for maintenance.
Location Description:
We are located centrally in Fort Collins and within 2 blocks of the Max Bus system.
Current and Prior Use:
Before we bought the building, it was a child care. We used it as a non-profit early childhood Science and Math school for children 3-7 years of age.
Business Website:
http://www.thelearninghouse.org
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Property Listed By:
Ernie Batson

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