$ 2,200,000
1201 Baker Street Bakersfield, CA 93305
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Listed by Kris Armand • Foresight Rlty & Inv.
$ 2,200,000
Est. payment | /mo
11,426 SqFt
$ 2,200,000
Est. payment | /mo
11,426 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 11,426 sqft
Price per Sqft $192
MLS Listing ID CRSR24031231
HOA Y/N No
Originating Board Datashare California Regional
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
Interior
Fireplace No
Building
Water Public
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