Updated Oct 7, 2026
Armond Aivazyan Of Surmount Represents Sale Of Retail Property In Bakersfield For $1,710,000
3252 Riverside Drive
$1,710,000
$339/SF
Building Size
5,034 SF
Asset Type
Retail
Closing
Sep 28, 2026
About this deal
AI
This retail asset, located at 3252 Riverside Drive, Bakersfield, has been sold for a total transaction amount of $1,710,000. The property spans approximately 5,034 square feet, resulting in a price per square foot of $339.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,710,000
- Address: 3252 Riverside Drive
- Market: Bakersfield
- Square Footage: 5,034
- Price Per Square Foot: $339
The transaction was facilitated by broker Armond Aivazyan, representing Surmount in the deal. His involvement was critical in connecting the buyer and seller to complete this transaction successfully.
On the Map
$1,710,000
$339/SF
Retail
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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
9.28%
Cash-on-Cash
-2.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93