Updated Sep 5, 2024
Faris Lee Investments Brokers $26.5M Sale Of Retail Property In Bakersfield
3901 Ming Avenue, Bakersfield, California 93304, United States
$26,500,000
$226/SF
Building Size
117,228 SF
Asset Type
Retail
Closing
Mar 14, 2022
About this deal
AI
The retail property located at 3901 Ming Ave. in Bakersfield has been sold in a closed transaction. The property spans an area of 117,228 square feet and was sold for a total price of $26,500,000, resulting in a price per square foot of $226. The sale took place on March 15, 2022.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $26,500,000
- Square Footage: 117,228
- Price per Square Foot: $226
- Date: 03/15/2022
- Address: 3901 Ming Ave.
- Market: Bakersfield
The sale of this retail property was facilitated by the brokers Sean Cox, Alex Moore, and Don MacLellan from Faris Lee Investments.
Players
Bakersfield Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Sean Cox to view all their deals.
Browse California retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93