This Dollar General Market makes for an excellent Southern California investment opportunity. The institutional quality net-leased asset has an initial lease term of 15 years (about 14 remaining) followed by 3 five-year options with 10% bumps in year 10 and each of the options. The property is subject to existing non-recourse assumable financing with approximately 14 years remaining on the loan, which amortizes over 17 years at a rate of 5 %. An Investor will benefit from substantial amortization over the lease term in addition to receiving cash flow. When coupled with depreciation and the interest deduction this is a very attractive tax structure desirable for 1031 exchange parties and fresh capital investment alike.
Property currently used as an office. Perfect for an office/dental/law/medical in a very busy street with plenty of parking space.
20 Acres divided into 4, 5 Acre parcels. Sold individually as 5 acre parcels @ $250,000.00 each Zoned A-1
Open Land, Well, New 200 HP Motor, Pumps 1,900 GPM. APN: 454-042-29, 445-042-36 ,454-042-31, 454-042-34. Well Water.
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.
Liberty Plaza is a fully leased strip center just west of the Rosedale Hwy and Calloway intersection. Excellent rental history and low turnover. This property has never been on the market since it was constructed in 2007. Short term and long term leases in place. Please do not disturb tenants. Contact listing brokers for more details.
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!
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