2019 21 St Street

    Bakersfield, CA 93301
    • $650,000
    • STATUS: Active
    • ON SITE: 92 days
    • ID#: 202000259
    UPDATED: 80 min ago
    $650,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,856
      SQFT
    • $228
      $/SQFT
    Neighborhood:
    10
    Type:
    Commercial
    Built:
    1967
    County:
    Area:
    10

    School Ratings & Info

    Description

    Fully occupied medical office with a Doctor that has a history at this location for 3 previous years. The doctor has been practicing in Bakersfield for over 20 years. The current lease was renewed in October of 2019 for a term of 3 additional years with 2 one year options. The initial term has 3% increases annually and the first option has a 5% increase annually and a 3% increase annually thereafter. In addition, the lease has a personal guarantee attached to it. Ideal 1031 Exchange Property.

    Monthly Payment Calculator

    Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2020. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Americana Real Estate & Investments or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2020-04-10T12:31:41.377.
    www.kerncountyhome.com/homes/102140577

    2019 21 St Street Bakersfield, CA 93301

    • Price: $650,000
    • Status: Active
    • Updated: 80 min ago
    • ID#: 202000259
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    2,856
    SQFT
    $228
    $/SQFT
    1967
    Built
    Neighborhood:
    10
    County:
    Kern
    Area:
    10
    Property Description
    Fully occupied medical office with a Doctor that has a history at this location for 3 previous years. The doctor has been practicing in Bakersfield for over 20 years. The current lease was renewed in October of 2019 for a term of 3 additional years with 2 one year options. The initial term has 3% increases annually and the first option has a 5% increase annually and a 3% increase annually thereafter. In addition, the lease has a personal guarantee attached to it. Ideal 1031 Exchange Property.
    Property Features

    Annual Gross Income 50856.00 Annual Net Income 43524.00 Cap Rate 6.69 Commercial Type Commercial Current Use Medical Office Total Annual Expense 7332.00 Zone Commercial-Office

    Listing courtesy of Joseph Leon of Americana Real Estate & Investments.
    Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2020. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Americana Real Estate & Investments or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2020-04-10T12:31:41.377.
     
    HomeStead Real Estate
    7440 Meany Ave Suite C
    Bakersfield CA, 93308