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$2,200,000
Est. payment /mo
1.38 Acres Lot
UPDATED:
12/05/2024 05:25 AM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR24031231
HOA Y/N No
Year Built 1972
Lot Size 1.378 Acres
Property 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.
Location
State CA
County Kern
Area Bksf - Bakersfield
Interior
Fireplace No
Laundry None
Building
Lot Description Lot Over 40000 Sqft, Level, Rectangular Lot
Story 1
Water Public
Others
Tax ID 01410016007
Special Listing Condition Standard
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Listed by Kris Armand • Foresight Rlty & Inv. • 818-343-3300