Updated Mar 27, 2025
2010 Chung Family Trust Acquires Retail Property In Bakersfield From Evergreen–Colony & Panama For $2.65M
6600 Colony St
$2,650,000
$1,405/SF
Building Size
1,886 SF
Asset Type
Retail
Closing
Mar 31, 2017
About this deal
AI
The property involved in the transaction is located at 6600 Colony St, Bakersfield. It is classified as a retail asset with a total square footage of 1,886. The transaction was completed on March 31, 2017, for a total price of $2,650,000.00.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $2,650,000.00
- Address: 6600 Colony St
- Market: Bakersfield
- Square Footage: 1,886.0
- Buyer: The 2010 Chung Family Trust
- Seller: Evergreen–Colony & Panama L.L.C.
- Broker Representatives: Joe Bolognese, Bill Asher (Hanley Investment Group)
The key individuals involved in the deal were The 2010 Chung Family Trust as the buyer and Evergreen–Colony & Panama L.L.C. as the seller. Joe Bolognese served as a representative in the transaction, while Bill Asher represented the Hanley Investment Group in the process.
On the Map
$2,650,000
$1,405/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
5.99%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93