Listed by Olivieri Commercial Group
$3,895,000
Ming & Real Plaza
Details
APN 440-131-09-00-0
Property Type Retail
Sub Type Shopping Center
Square Footage 15,556
Units 8
Tenancy Multi
Brand/Tenant Almost Free Alterations, New Heights Barber Lounge
Lease Type NNN
Pro-Forma Cap Rate 7.06%
Pro-Forma NOI $275,009
Price per SqFt $250
Year Built 1989
Buildings 1
Stories 1
Acreage 0.940
Zoning C2
Parking Spaces 35 spaces
Parking Per SqFt 2.25
Investment Type Owner/User
Ground Lease No
Multi-Tenant Retail Strip Center | +/- 15,556 SF | 7.06% CAP (Proforma)
Marketing description
• Sales price: $3,895,000.00 - Major Price Reduction!
• Lot size: +/- 0.94 AC
• GLA: +/- 15,556 SF
• SEC of Ming Avenue & S. Real Road
• Zoning: C-2 (Regional Commercial Zone, City of Bakersfield)
Investment highlights
• Close proximity to Bakersfield's regional mall (Valley Plaza Mall)
• Close proximity to CA-99 freeway on & off ramps
• Hard corner lot at 4-way signalized intersection
• Major thoroughfare with high traffic counts: +/- 39,844 AADT
Listing Contacts
Listed by Olivieri Commercial Group
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