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    1201 Baker Street

    Bakersfield, CA 93305
    • $2,495,000
    • STATUS: Active
    • ON SITE: 13 days
    • ID#: SR20187413
    UPDATED: 17 min ago
    $2,495,000
    • 0
      BEDS
    • 1.38
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,426
      SQFT
    • $218
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1972
    County:

    School Ratings & Info

    Description

    Investment grade offering occupied by a single tenant fortune publicly-traded banking giant Bank of America. This is a prime property on a huge1.38 Acre signalized street-to-street corner lot on both ends with tremendous future potential . Existing NNN long-term lease with absolutely NO landlord responsibilities. Current extended lease due to end on May 31, 2023 with six 5-year options all the way to June 30, 2053. Rent increases at every option period boosts Landlord's net income. Perfect 1031-Exchange candidate with attractive 4.86 Cap at full asking price. Generous 3% paid to Buyer's Agent. Don't miss out on this unique opportunity that may not last.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-23T11:31:04.697. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Camargo & Wilson Realty Team | Realty ONE Group Southwest. Licensed in the State of California, USA.

    www.tophomefinders.com/homes/109847429
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    1201 Baker Street Bakersfield, CA 93305

    • Price: $2,495,000
    • Status: Active
    • Updated: 17 min ago
    • ID#: SR20187413
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.38
    Acres
    11,426
    SQFT
    $218
    $/SQFT
    1972
    Built
    Neighborhood:
    BKSF - Bakersfield
    County:
    Kern
    Area:
    BKSF - Bakersfield
    Property Description
    Investment grade offering occupied by a single tenant fortune publicly-traded banking giant Bank of America. This is a prime property on a huge1.38 Acre signalized street-to-street corner lot on both ends with tremendous future potential . Existing NNN long-term lease with absolutely NO landlord responsibilities. Current extended lease due to end on May 31, 2023 with six 5-year options all the way to June 30, 2053. Rent increases at every option period boosts Landlord's net income. Perfect 1031-Exchange candidate with attractive 4.86 Cap at full asking price. Generous 3% paid to Buyer's Agent. Don't miss out on this unique opportunity that may not last.
    Exterior Features

    Lot Features Lot Over 40000 Sqft Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Heating Forced Air Heating YN Yes Laundry Features None

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Building Status Existing Country Us Land Lease YN No Land Use Office Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Number Of Units Leased 1 Property Sub Type Office Special Listing Conditions Standard Water Source Public

    Listing provided courtesy of Khosrow Armand of Foresight Rlty & Inv.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-23T11:31:04.697. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Camargo & Wilson Realty Team | Realty ONE Group Southwest. Licensed in the State of California, USA.

     
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    Camargo & Wilson Realty Team | Realty ONE Group Southwest
    41463 Margarita Road, Suite 100
    Temecula CA, 92591