1201 Baker Street Active

Bakersfield,CA 93305

$ 2200000

- Bed

- Bath

11426 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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