2611 Fashion PlBakersfield, CA 93306

Property Details for 2611 Fashion Pl

Year built

1992

Construction

WOOD

Lot size

4.01 AC

Property size (Sq ft)

37,160 SF

Zone code

PCD

Property type

Retail properties

Property subtype

Strip malls

APN

130-161-85-00-9

APU

13016185009

Description

East Hills Plaza, a Bakersfield, California retail center, presents a compelling investment opportunity. This 37,160 square foot property comprises three single-story buildings, housing eleven suites in total. Currently, 1,800 square feet are available for lease. The center enjoys a highly desirable location in Kern County, at 2611 Fashion Place, 93306, conveniently situated just south of Highway 178, between Mt. Vernon and Oswell Streets. The property benefits from a strong anchor tenant lineup, including a Walmart Supercenter and Big Lots, providing significant traffic and visibility. Additional quality tenants currently occupying space within the center include Sally Beauty and Metro PCS. The property's multiple-tenant structure offers diversification and potential for increased rental income through lease-up of the vacant space. The strategic location and established tenant base make East Hills Plaza an attractive option for investors seeking a stable and growing retail investment in a thriving Bakersfield market. The property's size and configuration offer flexibility for a variety of retail uses. Detailed financial information is available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $15,566,702

  6.5%

  $14,369,263

  7%

  $13,342,887

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,807,190

  Geo Method

  $17,807,190

• Alternative Use

  Use

  Valuation

  Residential

  $12,121,011

  Hospitality

  $11,102,781

  Educational

  $9,237,384

  Medical

  $9,555,071

  Retail

  $14,369,263

Location Insight

City

Bakersfield

County

Kern

State

California

Latitude

35.3926

Longitude

-118.959

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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