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    1201 Baker Street

    Bakersfield, CA 93305
    • $2,495,000
    • STATUS: Active
    • ON SITE: 40 days
    • ID#: SR20187413
    UPDATED: 27 min ago
    $2,495,000
    • 0
      BEDS
    • N/A
      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 CRISNet MLS as of 2020-10-20T06:56:43.547. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2020-10-20T06:56:43.547. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.liveinthe805.com/homes/109849085
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    1201 Baker Street Bakersfield, CA 93305

    • Price: $2,495,000
    • Status: Active
    • Updated: 27 min ago
    • ID#: SR20187413
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    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.
    Interior Features

    Heating Forced Air Heating YN Yes

    Property Features

    Additional Parcels YN No Building Status Existing Land Use Office Laundry Features None Number Of Units Leased 1 Property Sub Type Office Special Listing Conditions Standard Water Source Public

    Listing provided courtesy of Khosrow Armand, CA DRE# 00775942, of Foresight Rlty & Inv..


    Based on information from CRISNet MLS as of 2020-10-20T06:56:43.547. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2020-10-20T06:56:43.547. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    SG Associates
    30700 Russell Ranch Rd., Suite 250
    Westlake Village CA, 91362