Single Tenant NNN Wells Fargo
Market Price
5401 California Avenue, Bakersfield, CA 93309
For Sale
Office
Building
Active
Last Updated: 03/20/2025
7
Cap Rate
7
Pro Forma Cap Rate
Details:
Cap Rate: 7%
Pro Forma Cap Rate : 7%
Building Size: 33,000 sqft
Occupancy: 100%
Class: A
Lease Type: Triple Net
Year Built: 1984
Tenancy: Single
Floors: 3
Year Last Renovated: 2020
Gross Leaseable Area: 33,000
Construction Status: Existing
Number of Elevators: 1
CeilingHeight: 10
Investment Strategy: Core
Lease Expire Year: 1/1/2030
Highlights:
- Single Tenant NNN lease
- Wells Fargo Bank - AAA Credit
- Wells Located
- Abundant parking
- Great Signage and Visibility
Description:
Beautiful 3 story single tenant NNN lease office building in a great location. tenant has been in the building since it was originally constructed on a long-term NNN lease. Tenant just exercised one of their 5-year options to extend in January 2025.
Location
