$2,200,000
1201 Baker Street
Bakersfield, CA, 93305
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. Full 2.5% commission to buyer’s agent. Let’s make it happen.
Property Details
Price:
$2,200,000
MLS #:
SR24031231
Status:
Active
Baths:
0
Address:
1201 Baker Street
Type:
Commercial
Subtype:
Retail
Neighborhood:
bksfbakersfield
City:
Bakersfield
Listed Date:
Feb 12, 2024
State:
CA
ZIP:
93305
Year Built:
1972
Schools
Interior
Exterior
Stories Total
1
Water Source
Public
Financial
Buyer Agent Compensation
2.500
Get Out There, A Simply Outgoing Approach to Life. James Outland Jr. is one of those rare people who simply has an outgoing approach to life. No matter the activity… from dune buggy riding to skydiving to motorcycling to riding the local Pismo Beach waves… James Outland Jr. approaches life with a “just get out there and do it” kind of attitude. A zest for Life. James’ zest for life is obviously apparent in his many exciting hobbies. In his spare time, he loves riding dune buggies or hi…
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Courtesy of Foresight Rlty & Inv.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than James Outland include the name of the listing broker. Neither the listing company nor James Outland shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved. 1201 Baker Street
Bakersfield, CA
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