Value Add Investment: ±14,589 SF of Office/Retail Buildings

Highlights:

• USPS Anchored Building W/ Long Term Tenants
• Double Digit Cash-on-Cash Returns After Stabilized
• Investment Opportunity: Leased Office/Retail Spaces
• Long-Term Tenants | Low Turnover | Low Maintenance
• ±14,589 SF On ±0.409 Acres w/ Private Parking + Signage
• Cash Cow To Produce $224K In Rents ($15.38/SF/Yr)
• Rent Growth Of Under-Market Remaining Units
• Quality Construction | Well Maintained | ADA Access Via Bridge
• Long Term Tenants w/ Upside Potential Via Leasing
• Easy Access from Surrounding Major Corridors & Downtown
• Functional Spaces | Easy To Rent | Move-in Ready
• Requires Little Management or Maintenance
• Easy Access to Highway 49 & Major Retail Arterials
• Excellent Existing Signage On 3 City Street Corners
• Well-Known Freestanding Office Building @ Corner Location
• Ample Parking, Quality Tenants, & Great Exposure

Description:

Fully remodeled retail strip center is well-located on one of Bakersfield's busiest streets - Brundage Land - historically serving the vast majority of Bakersfield residents. There are currently (6) suites available ranging from ±640 SF - ±2,533 SF of retail spaces. All (6) spaces are wide open with a private ADA bathroom. The retail spaces are in a prime location off HWY-58 and one mile south of Downtown Bakersfield. With the shopping center being surround by National retailors there is a tremendous draw to the area. The first-class remodel will be completed February 2021, which will include brand-new hard-surface flooring throughout, clean and upgraded restrooms, updated fixtures, updated energy efficient features, LED lighting, fresh interior/exterior paint and brand new slurry in the parking lot.

Located on Northwest corner of Brundage Lane and H Street in Bakersfield, CA. Located directly off the off ramp of HWY-58 and H Street. The parcel is located North of HWY-58, South of 1st Street, East of F street and West of Chester Ave. The parcel is surrounded by existing residential neighborhoods and is close proximity to local and national tenants which consist of McDonalds, Domino's Pizza, Walgreens, Panda Express, Popeyes Louisiana Kitchen and many more!

6 Spaces Available

Documents: