$2,200,000
( $192.54Per Sq Foot )
$11,810 est/mo Sourced by Back At You1201 Baker Street , Bakersfield, CA 93305
Bakersfield, CA 93305
Description
Another HUGE $700K PRICE REDUCTION. A Unique Property on a signalized hard corner with access from all sides and drive-through facilities. Occupied by Bank of America, a single national credit tenant, for a very long time with multiple options to renew every five(5) years, the latest one of which was recently exercised on 5/31/2023 for another five(5) years. Tenant is on a NNN lease currently paying $133,303/year(6.06 Cap Rate) with future increases at each option renewal and with NO landlord responsibilities. The huge size and Unique configuration of this property offers a tremendous potential for future development upon expiration of Tenant's lease. Motivated Seller will entertain all reasonable offers. Let's make a deal happen.
Details
| MLS# | SR24031231 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Active |
| Year | 1972 |
| Days On Site | 215 |
| Listing Provided By | Foresight Rlty & Inv. 818-340-8100 | Kris Armand |
Features
| SQ Feet | 11,426 |
|---|---|
| Story(s) | 1 |
| Acreage | 1.38 |
Market Activity 93305
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Learn More About This Property
| State | CA |
|---|---|
| County | Kern |
| City | Bakersfield |
| Zip Code | 93305 |
| Area | BKSF Bakersfield |
| Listing VS Median (in 93305) | |
Price: $2,200,000 low | high Med: $325,000 SqFt: 11,426 low | high Med: 1,096 $ / SqFt: $193 low | high Med: $297 On Site: 215 low | high Med: 28.000000 | |
Listing Updated: August 15, 2024 at 3:11:08 PM PDT
