The subject property is a single tenant, freestanding Bank of America with multiple drive-thru ATM lanes. A new, five-year NNN lease will commence at the close of escrow, which includes a rent increase on July 1st, 2018. The lease has one (1) renewal option that expires on June 30th, 2023. Following the 1st renewal option are six (6), five-year renewal options each with rent increases. Landlord is reimbursed for all repairs, maintenance, insurance and real estate taxes. Landlord is also reimbursed for a majority of the property management fees. In 2011, the subject property received over $230,000 in capital improvements to the HVAC and roof.
Marcus & Millichap is very pleased to present this free-standing, 3,564 square foot Valvoline Instant Oil Change, located in Bakersfield, California. This offering consists of a single tenant, absolute NNN Leased Investment with Henley Enterprises as the tenant. There are 11 years remaining on the current lease term, providing security and stability for the investor. High fixed rent increases of 15% every 5 years increases buyer' s return on investment and hedges against inflation. The property is located on the signalized hard corner of 2-major arterial streets with over 50,000 cars per day. The Tenant is responsible for all expenses associated with the Property including property taxes, insurance, CAM expenses, plus building maintenance and repairs. Subject property is located in a densely populated (over 130,000 people within 3 miles) master planned trade area, which provides for a secure investment and intrinsic real estate.
$1,350,000Size Upon Req.
Nice Flat Idustrial Zoned 10.95 Acres right next to the Airport in a very up and coming area. Front lot is 2.38Ac. that would be perfect for any Company and the back lot is 8.57Ac. Owner will build to suit or Lease all or part. Owner may sell front 2.38 for $600,000. PHASE 1 DONE!!!!!! City said can be zoned M-3. CALL LOWELL EASLEY @ 805-340-0800 ANYTIME!!
20 Acres divided into 4, 5 Acre parcels. Sold individually as 5 acre parcels @ $250,000.00 each Zoned A-1
Property is open land next to 2 1/2 Acre Subdivision. It is on a country road and has a mobile home on it, a 3 HP domestic well, Natural Gas available. Kern Delta water district. Developers, Horse Lovers, Farmers, Single wide mobile home. Very good farm land.
11,038.83 Acres in Bakersfield, Ca. Cattle Ranch, zoned Agriculture. Owner may finance.
40 Acres, located in Bakersfield, Ca. Next to Bear Mountain Blvd. & Truck Stop, at Hwy 99 and Bear Mountain Blvd. on Costajo Rd. Zoned M-1 PD Highway Commercial.
Brookfield Partners is pleased to present a general/medical office building nestled among various medical related tenants and walking distance to several Hospitals. This property is an ideal for an Investor who can stabilize this asset with an aggressive strategy. The building is currently at a 5.5 Cap Rate with 62% occupancy with an average of $.92 Modified Gross. The Pro-forma numbers below are underwritten with a $.90 Modified Gross rents with a 15% Vacancy Factor. By leasing up this building with slightly below market rents with a very short period of time an Investor can reach a 9.31 Cap Rate and a 14.83% Cash-on-Cash Return. These Assumptions are realistic and real projections an Investor can make when underwriting this opportunity. The property is an elevator served two-story building and is very well maintained with pleasant common area amenities. Another strong feature is it has unlimited free parking in the rear shared by its neighbors and all of its patrons. Seller is very motivated please submit ALL OFFERS! MUST SELL BUILDING!
Beautiful Commercial Building Located In The Downtown Business District! Around 196' of Frontage! Tall glass windows across front of building! Tenants Current use is an Antique Mall with over 10,000 +/- SQFT. of floor space. Property previously housed several limousines and vehicles for a Limousine Charter business. This building brings great rent and is quite the head turner!
Parcel C: 335,412 Sq. Ft. Excellent Freeway Frontage - High Visibility & Traffic Property Backed up to Brundage Lane, which has Utilities & Sewage Zoning: M2 PD (Medium Industrial) Option of extended development with Public Hearing