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3793-3797 Auburn Street

Bakersfield, CA 93306
  • $500,000
  • STATUS: Active
  • ON SITE: 45 Days
  • ID#: 202405542
UPDATED: 56 min ago
$500,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,970
    SQFT
  • $101
    $/SQFT
Neighborhood:
32
Type:
Commercial
Built:
2002
County:
Area:
32

School Ratings & Info

Description

Excellent location near Hwy 178 and Oswell Country Club Shopping Center has a good Tenant mix. Some of the Tenants are Farmers Insurance, Honey I'm Home, Tashes & Glam, Jiffy Lube, a Tire store and more. Both 3793 and 3797 are Leased to Potters House Christian Fellowship. The Tenant pays for PG&E and Janitorial. The Lessor pays Property Taxes, Insurance, & Owners Association Fees. The Lessee is paying $4,000 per month until 1-1-2025 when they have a 1 year option to extend at $5,000 per month until 1-1-2026 when they have an option to extend at $5,750 per month until 1-1-2027 when they have an option to extend at $6,500 per month until 12/31/2027 when the Lease terminates. The operating income is based on projected 2025.

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Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2024. 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 MV & Associates Real Estate 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: 2024-07-21T12:31:48.19.
www.kerncountyhome.com/homes/151363761
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3793-3797 Auburn Street Bakersfield, CA 93306

  • Price: $500,000
  • Status: Active
  • On Site: 45 Days
  • Updated: 56 min ago
  • ID#: 202405542
0
Beds
0
Baths
0
½ Baths
0.14
Acres
4,970
SQFT
$101
$/SQFT
2002
Built
Neighborhood:
32
County:
Kern
Area:
32
Property Description
Excellent location near Hwy 178 and Oswell Country Club Shopping Center has a good Tenant mix. Some of the Tenants are Farmers Insurance, Honey I'm Home, Tashes & Glam, Jiffy Lube, a Tire store and more. Both 3793 and 3797 are Leased to Potters House Christian Fellowship. The Tenant pays for PG&E and Janitorial. The Lessor pays Property Taxes, Insurance, & Owners Association Fees. The Lessee is paying $4,000 per month until 1-1-2025 when they have a 1 year option to extend at $5,000 per month until 1-1-2026 when they have an option to extend at $5,750 per month until 1-1-2027 when they have an option to extend at $6,500 per month until 12/31/2027 when the Lease terminates. The operating income is based on projected 2025.
Property Features

Annual Gross Income 60000.00 Annual Net Income 31700.00 Cap Rate 6 Commercial Type Commercial Current Use Church Total Annual Expense 25300.00 Zone C-2 Heavy Light to Commercial uses.

Listing courtesy of John Willingham of New Concept Realty, Inc.: .


Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2024. 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 MV & Associates Real Estate 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: 2024-07-21T12:31:48.19.
 
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MV & Associates Real Estate
5329 Office Center Ct, Ste 201
Bakersfield CA, 93313