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2525 Oswell Street, Bakersfield, CA

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2525 Oswell Street

Bakersfield, CA 93306-3106 - Northeast Bakersfield Submarket

Property Type:Retail Sub Type:Bank Status:Existing Year Built:-
Building Size:13,145 SF Land Area:.88 AC (38,538 SF)
For Sale Price:$3,400,000 Price/SF:$258.65
Cap Rate:5.23 %

Sale Notes:
Jones Lang LaSalle is pleased to offer for sale the fee-simple interest in a single-tenant, absolute triple net leased, freestanding Citibank retail bank branch located in Bakersfield, California, a city near the southern end of the San Joaquin Valley in Kern County. Citibank N.A. recently executed a new ten-year, absolute NNN lease with annual rental increases of 1.5 percent throughout the primary term.

Located in a rapidly growing urban area, the Asset is conveniently located at the intersection of two affluent neighborhoods and the East Hills Mall area, which is the largest retail shopping neighborhood in Bakersfield. This investment provides the exceptional opportunity to acquire a valuable retail banking property net leased to an A-rated credit tenant.

Equity Investment Advisors
Rich Lydon
(310) 584-4540

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