Contact Xavier Gomez
Schedule A Showing
1201 Baker Street, Bakersfield, CA 93305
Priced at Only: $2,200,000
For more Information Call
Mobile: 714.478.6676
Address: 1201 Baker Street, Bakersfield, CA 93305
Property Photos
Property Location and Similar Properties
- MLS#: SR24031231 ( Retail )
- Street Address: 1201 Baker Street
- Viewed: 6
- Price: $2,200,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1972
- Bldg sqft: 0
- Days On Market: 318
- Additional Information
- County: KERN
- City: Bakersfield
- Zipcode: 93305
- Provided by: Foresight Rlty & Inv.
- Contact: Kris Kris
- DMCA Notice
-
DescriptionAnother 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.
Features
Building Area Total
- 11426.00
Commoninterest
- None
Country
- US
Laundry Features
- None
Parcel Number
- 01410016007
Property Type
- Retail
Totalmonthlyrent
- 11108
Water Source
- Public
Year Built
- 1972
- Xavier Gomez, BrkrAssc,CDPE
- RE/MAX College Park Realty
- BRE 01736488
- Mobile: 714.478.6676
- Fax: 714.975.9953
- salesbyxavier@gmail.com