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Nicolas Romo
Direct Office:
800-659-4610
sellingcasas@gmail.com
DRE# 01787685
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Nicolas Romo
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Direct Office:
800-659-4610
sellingcasas@
gmail.com
DRE# 01787685
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1201 Baker Street,  Bakersfield CA, 93305

(Active)
$2,900,000
|
11,426 sqft
|
MLS# SR24031231
Last Updated: 5/18/2024 5:54 AM
Description for 1201 Baker Street Bakersfield, CA 93305
A HUGE $300K PRICE REDUCTION. A Unique Property on a 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(4.60 Cap Rate) with future increases at each option renewal and with NO landlord responsibilities. The 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. Full 2.5% commission to buyer's agent. Let's make it happen.
Price
$2,900,000
Kern
11,426 (approx)
SR24031231
Active
Description
A HUGE $300K PRICE REDUCTION. A Unique Property on a 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(4.60 Cap Rate) with future increases at each option renewal and with NO landlord responsibilities. The 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. Full 2.5% commission to buyer's agent. Let's make it happen.
Listing Information
Property Type: Retail, Business Opportunities, 1 Story
1.38 Acres Assessor 11,426 (approx)
1972 1
Public
Neighborhood
Room Information
None
Exterior / Lot Features
0 Covered Parking Spaces,
Lot Over 40000 Sqft,Level,Rectangular Lot
Driving Directions
corner of Baker & Monterey Streets
Financial Considerations
01410016007
Listing Price History

Bakersfield Real Estate

Bakersfield is located in California. Bakersfield, California 93305 has a population of 392,508.

The median household income in Bakersfield, California 93305 is $35,589. The median household income for the surrounding county is $56,488 compared to the national median of $66,222. The median age of people living in Bakersfield 93305 is 34 years.

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Listing Agent: Kris Armand CalDRE: 00775942 - Foresight Rlty & Inv., 818-343-3300
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The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This content last refreshed on 5/18/2024 5:54 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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