1201 Baker Street
Bakersfield, CA 93305
1.38 acres | #SR24031231
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.
Property Details
- Lot DescriptionLotOver40000Sqft, Level, RectangularLot
- Original List Price$3,200,000
- MLS #SR24031231
- MLS #SR24031231
- Property TypePurchase
- Cost2200000
- Acres1.3784
- Utility SourcePublic
- Property SubtypeRetail
- Year Built1972
- CountyKern
- Stories1
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Kris Armand (#F210070065)
Listing Office: Foresight Rlty & Inv. (#F1876001)
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