Address
1201 Baker Street Bakersfield, CA
Price
$ 2,495,000
Property Attributes
  • MLS#SR20187413
  • TypeCommercial
  • CountyKERN
  • CityBakersfield
  • AreaBakersfield
  • Zip93305
  • StyleOffice
  • Price$ 2,495,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage11426
Listing Provided Courtesy Of:
Khosrow Armand with Foresight Rlty & Inv..
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.

Price History
9/9/2020 Listed $2,495,000

General Features

Directions Corner of Baker & Monterey St.
Heating Forced Air
Listagentaor Southland
Listing Agent Khosrow Armand - BRE#00775942
Listing Agent State License 00775942
MLS Area BKSF - Bakersfield
Number of Units Leased 1
Price Per Square Foot 218.36
Property SubType Office
Property Type Commercial Sale
Source System CRMLS
Special Listing Conditions Standard

Interior Features

Condo Area Unit Type Square Feet
Heating Y/N Yes
Laundry Features None
Total Stories 1

Exterior Features

Building Area Total 11426.00
Land Use Office
Lot Size Source Assessor
Number of Buildings 1
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 93305

Price
AVG $650K
$2.5M
Visits
AVG 12
27
Year Built
AVG 1960
1972

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