Updated Sep 5, 2024
Faris Lee Investments Sells Retail Property In Bakersfield For $11M
1725 Golden State Avenue, Bakersfield, California 93301, United States
$11,000,000
$423/SF
Building Size
26,000 SF
Asset Type
Retail
Closing
Jun 20, 2022
About this deal
AI
Located in Bakersfield, a retail property at 1725 Golden State Ave was recently sold for $11,000,000. Spanning over 26,000 square feet, the property was sold at a rate of $423 per square foot. The transaction took place on 06/21/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $11,000,000
- Address: 1725 Golden State Ave
- Market: Bakersfield
- SF: 26,000
- PPSF: $423
Represented by Sean Cox & Alex Moore from Faris Lee Investments, the sellers successfully closed the deal on this retail property in Bakersfield.
Players
Bakersfield Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93