• Bakersfield Crossing - 3351 & 3541 Panama Lane, Bakersfield, CA, 93313

For Sale

Retail

For Sale

This property is available for sale
0.23
Acres
$4,845,552
Sale Price
  • Overview

    Pricing based on "in-place" income only - 94% occupied.
    Conservative market rents average just $1.38 psf.
    Newer High Quality Construction (2007) - no deferred maintenance.
    Focal, hard-corner location - over 46,000 cars per day.
    Over 226,000 people living within 5 miles.
    Adjacent retailers include Walgreens, Wells Fargo, Autozone and others (NAP).

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Property Details

Pricing based on "in-place" income only - 94% occupied.
Conservative market rents average just $1.38 psf.
Newer High Quality Construction (2007) - no deferred maintenance.
Focal, hard-corner location - over 46,000 cars per day.
Over 226,000 people living within 5 miles.
Adjacent retailers include Walgreens, Wells Fargo, Autozone and others (NAP).

  • Property Type
    Retail
  • Sale Price
    $4,845,552
  • Total Acres
    0.23
  • Cap Rate
    6.5%
  • Will build to suit
    No
  • Sewer
    No
  • Corner lot
    No
  • Property ID
    195532

Landlord's Sales Representative

  • Matt Burnett
    CBRE, Inc