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Niles Street Retail 2 Retail Properties Offered at $5,493,111 CAD in Bakersfield, CA
Investment Highlights
- Value-add, multi-tenant retail opportunity with cash flow in place
- 4.84% CAP Rate at 54% occupancy
- Nearby major national retailers and QSRs such as McDonald's, Starbucks, Dollar General Market, and Vallarta
Executive Summary
Markowitz Commercial Real Estate is pleased to present Niles Street Retail, a value-add, multi-tenant retail opportunity with cash flow in place. The subject property is located on Niles Street, just east of Oswell Street, nearby major national retailers and QSRs such as McDonald's, Starbucks, Dollar General Market, and Vallarta. The property is currently 54% occupied. Niles Street Retail is currently mismanaged and the seller has incomplete records. All buyers are encouraged to complete thorough due diligence.
Property Facts
| Price | $5,493,111 CAD | Number of Properties | 2 |
| Price / SF | $133.38 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 4.84% | Total Building Size | 41,183 SF |
| Sale Type | Investment | Total Land Area | 3.27 AC |
| Status | Active |
| Price | $5,493,111 CAD |
| Price / SF | $133.38 CAD / SF |
| Cap Rate | 4.84% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 41,183 SF |
| Total Land Area | 3.27 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2800-2814 Niles St, Bakersfield, CA 93306 | Retail | 24,143 SF | 1951 | - |
| 2816-2836 Niles St, Bakersfield, CA 93306 | Retail | 17,040 SF | 1951 | - |
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