501 6th St - Health Care FOR SALE


Taft, CA 93268
$250,000 USD
661-889-3201
501 6th St, Taft, CA for Sale
$250,000 USD
Health Care - FOR SALE
1/6
null | 7.11% Cap Rate

501 6th St
Taft, CA 93268


HIGHLIGHTS

  • Freestanding Building
  • Rare 7.11 CAP Rate
  • Credit Tenant w/ Strong Operating History of 17 Years
  • Thriving Town in Kern County: Taft, CA
  • Corner Location
  • Healthy Demographics

OVERVIEW

Prime Retail Group is proud to present the exclusive opportunity to acquire an outstanding commercial asset in the city of Taft, California. Located just outside Bakersfield, Taft is a small, sun-soaked city of approximately 7,000 residents with deep roots in Kern County—California’s energy production hub. Major oil companies, including AERA Energy and ExxonMobil, maintain operations in the nearby Midway-Sunset Field, one of the largest oil fields in the US. In addition to its industrial backbone, Taft offers affordable housing and a quiet, rural atmosphere that continues to attract investors in Residential and Retail. Due to the strength of the local economy and strategic location, Adventist Health has maintained a long-standing presence at this site for over 17-years! The property sits just two blocks from Taft’s primary retail corridor (Kern Street/CA-33), at the corner of 6th Street and Lucard Street. The building consists of 2-units with separate addresses and individual utility meters (501 & 503 6th St), though both are currently occupied by Adventist Health. The combined rentable space is approximately 1,660 square feet and is zoned General Commercial (GC) within the city limits. With an asking price of $150 per square foot, this property represents an excellent passive investment opportunity for buyers seeking a stable cash-on-cash return.

FOR SALE DETAILS

PRICE

$250,000 USD

PRICE/SF

$151 USD /SF

CAP RATE

7.11%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

GC

APN/PARCEL ID

031-260-12-00-7

ASK ABOUT THIS PROPERTY

Felix DiazPrime Retail GroupMore Info
661-889-3201

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Felix DiazPrime Retail GroupMore Info
661-889-3201

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.