For Sale
$250,000

501 6Th St Taft, CA 93268

Adventist-occupied, strong cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
134
This Taft, CA, commercial investment opportunity presents a free-standing, 1,660-square-foot building currently 100% occupied by Adventist Health under a gross lease. The property, located at 501 & 503 6th Street, consists of two contiguous units with separate utilities, totaling 1,660 square feet and zoned General Commercial (GC). Built in 1968, the Class C building boasts a 6.9% cap rate and a net operating income (NOI) of $17,254. The current lease expires April 30, 2026, following the tenant's exercise of an option to extend. Two additional lease extension options are available, each with a 2% annual rent increase. The asking price is $250,000, representing approximately $150 per square foot. This property offers a compelling passive investment opportunity with a strong, long-term tenant and a history of occupancy since 2008. The property's location is two blocks from Taft's main retail corridor on the corner of 6th and Lucard Streets. The APN is 031-260-12-00-7.

Highlights

  • Free-standing building, 1,660 square feet.
  • Adventist Health occupancy; long operating history.
  • Approximately 1,660 rentable square feet.
  • 6.9% cap rate.
  • General Commercial (GC) zoning, City of Taft.
  • APN 031-260-12-00-7.

Property Details for 501 6Th St

Property type
Retail properties, Office properties
Square Feet
1,600 SF
Class
C
Year Built
1968
Units
2

Location Insight

City
Taft
County
Kern
State
California
Latitude
35.144282797018
Longitude
-119.4591334918

FAQs

What type of property is this?
Retail property - Adventist-occupied, strong cash flow.
Where is the retail property located?
The property is located at 501 6Th St Taft, CA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Free-standing building, 1,660 square feet.; Adventist Health occupancy; long operating history.; Approximately 1,660 rentable square feet.
How can I contact the broker?
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501 6Th St
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