1201 Baker Street 1201 Baker Street Bakersfield, California 93305 United States
1201 Baker Street Bakersfield, California 93305 United States
$2,900,000
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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...
- 1.3784 Acres
- Exterior
- Commercial
- Property type
- 1972
- Year Built
- SR24031231
- Web Id
- SR24031231
- MLS ID
- 76
- days ago
About 1201 Baker Street
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 Courtesy of Foresight Rlty & Inv., Email/Phone : 818-343-3300
The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.
Listing Courtesy of Foresight Rlty & Inv., Email/Phone : 818-343-3300
The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.
features
- lot description
- Level
PROPERTY INFORMATION
- Water
- Public
EXTERIOR
- Lot Description
- LotOver40000Sqft, Level, RectangularLot
Listing Courtesy of Foresight Rlty & Inv., Email/Phone : 818-343-3300