2997 Desert StRosamond, CA 93560
- Retail properties
- 0.21 AC
Property Details for 2997 Desert St
- Construction
- WOOD FRAME
- Lot size
- 0.21 AC
- Zone code
- C-2 PD
- Property type
- Retail properties
- Property subtype
- Strip malls
- APN
- 258-020-01-00-8
- APU
- 25802001008
Description
This 8,400 square foot, multi-tenant retail property in Rosamond, CA, is a stabilized investment opportunity. Located on Desert St., this Class B building boasts 100% occupancy with four long-term tenants under lease agreements for a remaining term of 3 years. Built in 1984, the single-story structure sits on a 22,650 square foot lot zoned C-2 (Kern County). The property features a modified lease type and a current Pro-Forma NOI of $74,247, resulting in a 7.58% cap rate. The asking price is $979,000, or $116.55 per square foot. Benefiting from a prime location near a US Post Office, elementary school, and Sheriff's substation, this property presents a strong, stable income stream for investors. The property's APN is 258-020-01 & 258-020-02 and is held in trust. No tenant credit rating information is available.
Location Insight
- City
- Rosamond
- County
- Kern
- State
- California
- Latitude
- 34.8641
- Longitude
- -118.166
- CBSA code
- 12540
- CBSA name
- BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
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