Search Results for 

3000 Ming Avenue - Hahn's Plaza - DeVry University, Bakersfield, CA

Welcome to SHOWCASE.COM, the Web's most comprehensive source of commercial property data, where you can search from 900,000 listings nationwide. To see more Commercial Real Estate listings, Office Space, Industrial Space, Retail Space, Commercial Land, Multi-Family or other commercial property types, just click the button to the right.
3000 Ming Avenue - Hahn's Plaza - DeVry University

SEC of Ming Ave & Castro
Bakersfield, CA 93304-4136 - South Bakersfield Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1991
Building Size:16,400 SF Land Area:.98 AC (42,515 SF)
For Sale Price:$5,248,000 Price/SF:$320.00
Cap Rate:7.50 %
Parking:64 Surface spaces are available; Ratio of 3.9/1,000 SF
Features:Bus Line, Pylon Sign, Signage

The property is located across the street from the Valley Plaza Regional Mall and adjacent to the intersection of Ming Avenue and Wible Road with 2004 traffic counts of an excess of 43,000 cars per day. Easy access to Freeway 99. Neighboring tenants also include Target, Michaels Arts and Crafts and Big 5 Sporting Goods.

Sale Notes:
Price Reduction - Submit All Offers. A+ Location Across from main entrance of Valley Plaza Mall. New 5 Year Extension, Absolute NNN Lease. Low Downside Risk. We are pleased to offer to qualified investors an opportunity to purchase a single tenant investment that is fully leased to DeVry University in the city of Bakersfield, CA. Comprised of 16,400 square feet on approximately 1 acre, the tenant has successfully operated at this location since 2007 and has just exercised its 1st five year renewal, which extends the expiration date to November 9th, 2021. This is an absolute NNN lease, for which the Tenant is fully responsible for all taxes, insurance and maintenance of the property.

Moreover, the subject property is located in a dense, infill retail trade area, just a block away from the 99 FWY on-ramp and across the street from the Valley Plaza Mall, which is the largest mall in San Joaquin Valley. Owned by General Growth Properties, it comprises over 140 specialty stores and 5 separate anchor stores, including Forever 21, Target and Macy' s. The mall totals over 1,100,000 square feet of gross leaseable area.

Immediately adjacent to the subject property are Jack in the Box, Men' s Warehouse, Marshall' s, Jo-Ann Fabrics, and Michaels. At the offering price of $5,248,000, the property is available at slightly below replacement cost, providing a Buyer with long-term redevelopment or releasing flexibility. This is an exceptional opportunity to purchase an absolute NNN lease to a creditworthy tenant within one of the strongest retail trade areas in the entire region

Colliers International
Eric Carlton
(949) 724-5561

John Sharpe
(949) 724-5546

Jereme Snyder
(949) 474-0707

Share this listing

Copy and paste this HTML into your blog or web page:
<a href="" target="_blank">3000 Ming Avenue - Hahn's Plaza - DeVry University, Bakersfield, CA - Commercial property</a>

Send Email
Add a personalized message: (Optional)
Copyright © 1997-2016 CoStar Realty Information, Inc. All rights reserved.  |  About SHOWCASE.COM |  Advertise |  Site Map