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5554 California Avenue - Citibank, Bakersfield, CA

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5554 California Avenue - Citibank

Bakersfield, CA 93309-1616 - Southwest Bakersfield Submarket

Property Type:Retail Sub Type:Bank Status:Existing Year Built:-
Building Size:7,868 SF Land Area:.83 AC (36,116 SF)
For Sale Price:$3,925,000 Price/SF:$498.86
Cap Rate:5.24 %
Parking:45 Surface spaces are available; Ratio of 3.91/1,000 SF
Features:Pylon Sign, Signalized Intersection, Drive Thru

Sale Notes:
This site benefits from a highly visible and easily accessible location along California Avenue, which is trafficked by nearly 37,000 vehicles per day. The property is adjacent to numerous national retailers including Vons, Office Depot, Bed Bath & Beyond, and HomeGoods. This location is less than one half mile from Santa Barbara Business College.

Within a 3-mile radius, the surrounding area is home to nearly 100,000 people with an average household income that exceeds $63,000, respectively. This branch had substantial deposits of over $122 million, a testament to the long-term success at this location.

Contact Broker for additional information.

Equity Investment Advisors
Rich Lydon
(310) 584-4540

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