ZDI Inc. Acquires Retail Property In Bakersfield For $8.1M
2625 Mall View Road, Bakersfield, California 93306, United States
$8,100,000
$275/SF
Building Size
29,387 SF
Asset Type
Retail
Closing
Jun 2, 2022
AI
The retail property located at 2625-2635 Mall View Road in Bakersfield has been sold. The transaction took place on 06/03/2022 for a total sale price of $8,100,000. The property spans across 29,387 square feet, resulting in a price per square foot of $275.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,100,000
- Address: 2625-2635 Mall View Road, Bakersfield
- Market: Bakersfield
The buyer of the retail property is ZDI Inc. The deal was facilitated by brokers Duane Keathley and Vincent Roche from Cushman & Wakefield.
That concludes the details of this closed property transaction 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
1.96%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93