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Off Market
1/7

3171 Mecartney Rd
Alameda, CA 94502


HIGHLIGHTS

  • Operating business for more than 20 years, stable with strong income
  • Property being sold as business and real estate combined
  • Park-like location near water
  • Turnkey Investment

OVERVIEW

Peter Pan Academy, established in 2007, is a fully operational and profitable preschool located at 3171 Mecartney Rd, Alameda, CA. This boutique school offers a licensed capacity of 74 children, including infants and preschoolers, making it a trusted educational hub for families in a high-demand area. Conveniently situated in a high-barrier-to-entry market, the property and business are being sold together as a turnkey investment. With robust revenue growth and significant tuition rate upside compared to local competitors, Peter Pan Academy represents a rare opportunity for investors or operators seeking a foothold in Alameda's thriving education sector. Investment Highlights - Turnkey Opportunity: Fully operational preschool with an established client base and reputation since 2007. - Strong Revenue Growth: Demonstrated revenue of $1,162,047 in 2023, with continued growth into 2024. - High-Demand Market: Located in Alameda, CA, a high-barrier-to-entry area with a growing population and substantial household incomes. - Licensed Capacity: Accommodates 74 children, including 11 infants and 63 preschoolers (2-5 years old). - Real Estate Included: Sale includes a 4,200 sq. ft. facility with a 600 sq. ft. mezzanine on a 10,001 sq. ft. lot, combining business and property for $3,500,000. - Prime Demographics: Within a 1-mile radius, the average household income is $198,706, with a population of 5,856 under age 5, supporting strong demand for quality childcare. - Tuition Upside: Opportunities to increase tuition rates to align with or surpass local competitors, driving profitability.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Peter Pan School

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

4769

STORIES

2

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

074-1045-014-00