7690 Union Avenue

    Bakersfield, CA 93307
    • $1,350,000
    • STATUS: Active
    • ON SITE: 112 days
    • ID#: 21912720
    $1,350,000
    • 0
      BEDS
    • 2.45
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,232
      SQFT
    • $187
      $/SQFT
    Neighborhood:
    41
    Type:
    Commercial
    Built:
    1990
    County:
    Area:
    41

    School Ratings & Info

    Description

    Attention Investors take a look at this 7,299 sq ft building situated on a 2.45 acre lot. It features 6 classrooms, 8 bathrooms, multi-purpose room, full kitchen, laundry facility, and a teacher's lounge. It is well-maintained with new interior paint, tile roof, and stucco exterior. The building is currently occupied by a Pre-school, paying $10,600 per month on a long term lease, NNN, Cap rate is above 8. The Pre-school business is very well established the facility is licensed for 124 children from ages 6 weeks through 12 years old. The licensing allows for 24 infants/toddlers, 75 pre-school students, and 25 after-school students. Currently, the business is operating at 100% capacity. Operating hours are Monday through Friday from 6AM-6PM. There is ample room on the property itself for potential future expansion.

    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 Watson Realty Era 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: 2020-02-18T23:31:40.493.
    www.kerncountyhome.com/homes/100383516

    7690 Union Avenue Bakersfield, CA 93307

    • Price: $1,350,000
    • Status: Active
    • ID#: 21912720
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.45
    Acres
    7,232
    SQFT
    $187
    $/SQFT
    1990
    Built
    Neighborhood:
    41
    County:
    Kern
    Area:
    41
    Property Description
    Attention Investors take a look at this 7,299 sq ft building situated on a 2.45 acre lot. It features 6 classrooms, 8 bathrooms, multi-purpose room, full kitchen, laundry facility, and a teacher's lounge. It is well-maintained with new interior paint, tile roof, and stucco exterior. The building is currently occupied by a Pre-school, paying $10,600 per month on a long term lease, NNN, Cap rate is above 8. The Pre-school business is very well established the facility is licensed for 124 children from ages 6 weeks through 12 years old. The licensing allows for 24 infants/toddlers, 75 pre-school students, and 25 after-school students. Currently, the business is operating at 100% capacity. Operating hours are Monday through Friday from 6AM-6PM. There is ample room on the property itself for potential future expansion.
    Property Features

    Annual Gross Income 127200.00 Annual Net Income 113340.00 Cap Rate 8 Commercial Type Commercial Current Use Pre School Total Annual Expense 7500.00 Zone M2

    Listing courtesy of Peter Peralta of Watson Realty Era.
    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 Watson Realty Era 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: 2020-02-18T23:31:40.493.
     
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