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Schools in 91342 : Real Estate Advice

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  • Home Buying16
  • Home Selling4
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Activity 3
Fri Jun 1, 2012
BOB Khalsa answered:
I am experienced in leasing properties with special uses. In fact I have been retained by a Non-profit to assess properties both for leasing and purchase for private schools. Contact me for references in case you are interested.

Bob Khalsa, CCIM
United America Realty
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Wed May 4, 2011
Oleg answered:
The average lease price for a decent property (5-7 years old home) in Sylmar is between $1.00 and $1.50 p/sq foot. And it also depends on the area.
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Fri Jan 9, 2009
BOB Khalsa answered:
Hi Susan:

There is no set rate for school properties. To my knowledge there is no such property listed for lease in the Sunland/Sylmar area. Such a property would be listed under Commercial or "Special Purpose" on Commercial Listing web sites. To calculate a suitable lease rate is a fairly complex process and involves a number of factors such as total square footage of improvements (usable and rentable), lot size, Income potential, length of lease, highest and best use of the property, uniqueness of the property, demand for such properties, property owner's expenses, etc.

You have not specified what kind of school you are looking for. You may also be aware that the City/State/Federal laws may dictate certain space requirements for schools and you also may need to obtain licenses and other approvals from the authorities before entering into a binding lease agreement. An Attorney's and Accountant's advice would also be strongly recommended in this case.

Bob Khalsa
Certified Commercial Investment Member (CCIM)
United America Realty
... more
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