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Ming & Real Plaza 3699 Ming Ave 15,556 SF 92% Leased Retail Building Bakersfield, CA 93309 $4,100,000 ($263.56/SF) 6.21% Cap Rate

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INVESTMENT HIGHLIGHTS

Close proximity to Bakersfield's regional mall (Valley Plaza Mall)
Hard corner lot at 4-way signalized intersection

Close proximity to CA-99 freeway on & off ramps (0.11 mi)
Highly trafficked major thoroughfare: +/- 39,844 AADT

EXECUTIVE SUMMARY

• Sales price: $4,100,000.00
• SEC of Ming Avenue & S. Real Road
• Lot size: +/- 0.94 AC
• GLA: +/- 15,556 SF
• Zoning: C-2 (Regional Commercial Zone, City of Bakersfield)

Ming and Real Plaza - Sale Proforma

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Retail

Building Size

15,556 SF

Building Class

C

Year Built

1989

Price

$4,100,000

Price Per SF

$263.56

Cap Rate

6.21%

NOI

$254,610

Percent Leased

92%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.38

Lot Size

0.94 AC

Zoning

C2 - Regional Commercial, City of Bakersfield

Parking

35 Spaces (2.25 Spaces per 1,000 SF Leased)

Frontage

222’ on Ming Ave

Pylon Sign

Signage

Signalized Intersection

SPACE AVAILABILITY

SPACE
SIZE
SPACE USE
POSITION
AVAILABLE

H
1,200 SF
Retail
In-Line
Now

Space	Size	Space Use	Position	Available
H	1,200 SF	Retail	In-Line	Now

Size

1,200 SF

Space Use

Retail

Position

In-Line

Available

Now

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AERIAL
MAP
TRAFFIC

3699 Ming Ave, Bakersfield, CA - AERIAL map view

Walk Score®

Very Walkable (73)

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PROPERTY TAXES

Parcel Number	440-131-09-00-0	Improvements Assessment	$3,000,000
Land Assessment	$500,000	Total Assessment	$3,500,000

PROPERTY TAXES

Parcel Number

440-131-09-00-0

Land Assessment

$500,000

Improvements Assessment

$3,000,000

Total Assessment

$3,500,000

(661) 617-1849

CONTACT

JP Masuda
Olivieri Commercial Group

Listing ID: 35383363
Date on Market: 4/4/2025
Last Updated:
Address: 3699 Ming Ave, Bakersfield, CA 93309

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3699 Ming Ave, Bakersfield, CA for sale Building Photo- Image 1 of 8 — Ming and Real Plaza

3699 Ming Ave, Bakersfield, CA for sale Site Plan- Image 2 of 8 — Site Plan

3699 Ming Ave, Bakersfield, CA for sale Aerial- Image 3 of 8 — Aerial Overview

3699 Ming Ave, Bakersfield, CA for sale Plat Map- Image 4 of 8 — Plat Map

3699 Ming Ave, Bakersfield, CA for sale Building Photo- Image 5 of 8 — Exterior

3699 Ming Ave, Bakersfield, CA for sale Building Photo- Image 6 of 8 — Exterior

3699 Ming Ave, Bakersfield, CA for sale Building Photo- Image 7 of 8 — Signage

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