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.
KENTUCKY VILLA APARTMENTS - GREAT CASH FLOW Kentucky Villa's is a newer well maintained apartment complex featuring a distinctive architectural style, centrally located close to Kern Medical Center, Schools, Bakersfield College, and the East Hills Mall. The complex is made up of several buildings built in 1985 with copper plumbing and wood exteriors featuring stucco accents. They have newer roofs and consist of 40 two bedroom and 12 one bedroom units all on single levels. Units feature spacious living and bedroom areas, central air, dishwashers, balcony/patios, play areas, ample carport and guest parking. Each unit is individually metered for gas and electric. There is also an on-site office, laundry room, and sparkling pool. Total square footage of the various buildings is over 41,000 located on approximately two acres. Take advantage of pricing below replacement costs and great cash flow numbers. With today's low interest rate and the immediate opportunity to bring rents to market, Kentucky Villa's offers the sophisticated investor an excellent opportunity to acquire a quality performing asset with a historically high occupancy rate, currently 98%.
Three Doll Houses on one lot with tons of charm! Drive by Only. Craftsman Style homes with rents recently increased. The property was tented for termites recently. Each tenant has a yard, storage. Super clean units. Please see photos. House 1 is 1066 Sqft/$800 rent, 2 is 896 sqft/$730 rent and 3 is 878 sqft with $530 rent. Unit 3 has a basement being used as a bedroom, non-conforming. Unit 1 has a room being used as a third bedroom, non-conforming. Tenants are long term and would love to stay.
Price Upon Req.87,803 SF
Faris Lee Investments is pleased to present the rare opportunity to acquire an irreplaceable and highly successful community center in the growing community of Bakersfield, CA. Chester Loop Shopping Center is located at the strongest intersection of the main retail corridor in the trade area. Tenants within the center include: Vons, Dollar General, Pizza Hut, Taco Bell, Auto Zone, Subway, H&R Block, Bank of America, and more. The majority of these retailers are among the strongest performing in the Southern California region. The center continues to be considered among the dominant retail centers in Bakersfield with strong sales and traffic. The center has enjoyed historically high occupancy with the anchor Vons successfully operating at this site for nearly 40 years.
Attention all investors!! Brand New 20 unit apartment complex coming soon, all 3 bedroom/1 bath, W/Landry room, granite counter-tops and upgraded cabinets, two tone paint etc. gated community with automatic gate,, stucco exterior, and too many amenities to list. Central location, convenient shopping and freeway nearby. Seller Financing available call for more info.
2.90 Acres, 125,792 Lot Size,Zoned A-1, Land Use Sfr, 2 Bedroom 1 Bath Home 1147 Sq ft. with office /den. Mobile home/office on site. 2 storage buildings. 2 Corrals. 1 for horse and the other for small animals. Property fenced all around. Buyer to confirm all information regarding property.
Outstanding apartment complex with lots of up side potential located in prime investment location offers 56 units apartments sitting on almost 4 Acres fully landscaped corner lot. Each unit is 2 bedroom 1 bath and they all have exclusive covered parking spaces, AC,newer cabinet, flooring, fresh paint, newer roof, on site laundry, newer plumbing and electricity, easy access to HWY 99 and Freeway 58, high cash flow, upside potential on rent, on site manager, gated. Priced to sell.
Great Investment opportunity with lots of up side potential located in North Bakersfield offers 27 units, they've been upgraded with newer Roof, flooring, plumbing, pool pump, electricity and AC. 11 buildings sit on 1.2 Acres lot with double drive through access to the property included; 15x 1bed 1bath, 9x 2bed 1bath, 1 house 2bed 2bath, 1 loft 1bed 1bath, 1 studio. Management office onsite & laundry room, 27 covered parking, mini storage and POOL!! Easy access to HWY 99 and Oilfields, Memorial Hospital, Many shopping centers, Bakersfield Airport, Industrial manufacturing, Engineering companies, Recreation centers include Panorama Park & Hart park, Bakersfield College, etc. Strong management built High cash flow & great Cap-Rate, PRICED TO SELL.
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
Parcel D: 348,480 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