Detail

1201 Baker, Bakersfield CA 93305 | $2,200,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 0 Lot Sq Ft
  • Type: Retail
  • Stories: 1
  • Year Built: 1972
  • MLS#: SR24031231
  • Community: BKSF - Bakersfield

Listing provided courtesy of Kris Armand of Foresight Rlty & Inv.. Last updated 2024-11-26 09:30:01.000000. Listing information © 2024 SANDICOR.

Another HUGE $700K PRICE REDUCTION. A Unique Property on a signalized hard corner with access from all sides and drive-through facilities. Occupied by Bank of America, a single national credit tenant, for a very long time with multiple options to renew every five(5) years, the latest one of which was recently exercised on 5/31/2023 for another five(5) years. Tenant is on a NNN lease currently paying $133,303/year(6.06 Cap Rate) with future increases at each option renewal and with NO landlord responsibilities. The huge size and Unique configuration of this property offers a tremendous potential for future development upon expiration of Tenant's lease. Motivated Seller will entertain all reasonable offers. Let's make a deal happen.

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Michael Citrin​

Call or Text: 858-755-0075

    TESTIMONIALS

    Read about client's experience working with Michael Citrin

    Michael Citrin has been my professional real estate representative for the past 20 years when I moved to North County, San Diego. He has represented me in all of my homes - both sales and purchases, and he has also represented my family, friends and colleagues. Michael is exceptionally knowledgeable with regards to all areas of real estate, including related ancillary industries and I fully trust him. He is a trusted advisor and now a dear friend.

    - S.M.

    Michael Citrin has been my professional real estate representative for the past 20 years when I moved to North County, San Diego. He has represented me in all of my homes - both sales and purchases, and he has also represented my family, friends and colleagues. Michael is exceptionally knowledgeable?with regards to all areas of real estate, including related ancillary industries and I fully trust him. He is a trusted advisor and now a dear friend.

    - M.K.

    Extraordinary service! Purchased my 3rd home and Michael has been there since day one! The stress of finding the perfect home is lifted with Michael. You can definitely feel the passion whenever he speaks Real Estate. His passion fuels his eagerness to help you find your next home. His cheerful personality is contagious! Thanks for all that you do!

    - R.S.

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