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Ming & Real Plaza 3699 Ming Ave 15,556 SF Retail Building Bakersfield, CA 93309 $3,895,000 ($250.39/SF) 7.06% Cap Rate
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
- Major thoroughfare with high traffic counts: +/- 39,844 AADT
EXECUTIVE SUMMARY
• Sales price: $3,895,000.00 - Major Price Reduction!
• Lot size: +/- 0.94 AC
• GLA: +/- 15,556 SF
• SEC of Ming Avenue & S. Real Road
• Zoning: C-2 (Regional Commercial Zone, City of Bakersfield)
• Lot size: +/- 0.94 AC
• GLA: +/- 15,556 SF
• SEC of Ming Avenue & S. Real Road
• Zoning: C-2 (Regional Commercial Zone, City of Bakersfield)
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
15,556 SF
Building Class
C
Year Built
1989
Price
$3,895,000
Price Per SF
$250.39
Cap Rate
7.06%
NOI
$275,009
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
AMENITIES
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
Walk Score®
Very Walkable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 440-131-09-00-0 | Improvements Assessment | $2,850,000 |
| Land Assessment | $650,000 | Total Assessment | $3,500,000 |
PROPERTY TAXES
Parcel Number
440-131-09-00-0
Land Assessment
$650,000
Improvements Assessment
$2,850,000
Total Assessment
$3,500,000
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Ming & Real Plaza | 3699 Ming Ave
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