727 Kentucky St
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727 Kentucky St
6,629 SF Specialty Building Offered at £1,511,055 at a 6.04% Net Initial Yield in Bakersfield, CA 93305
INVESTMENT HIGHLIGHTS
- Well utilized and busy post office
- Excellent residual value should USPS ever leave.
- NN Lease, USPS Tax and Maintenance Riders
EXECUTIVE SUMMARY
NN leased Post Office, owner only responsible for roof and structure, new roof installed 2-years ago.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | £1,511,055 | Building Class | C |
| Price Per SF | £228 | Lot Size | 0.73 AC |
| Sale Type | Investment | Building Size | 6,629 SF |
| Net Initial Yield | 6.04% | Number of Floors | 1 |
| Sale Condition | 1031 Exchange | Year Built | 1968 |
| Property Type | Specialty | Tenancy | Single |
| Property Subtype | Post Office | Parking Ratio | 4.53/1,000 SF |
| Price | £1,511,055 |
| Price Per SF | £228 |
| Sale Type | Investment |
| Net Initial Yield | 6.04% |
| Sale Condition | 1031 Exchange |
| Property Type | Specialty |
| Property Subtype | Post Office |
| Building Class | C |
| Lot Size | 0.73 AC |
| Building Size | 6,629 SF |
| Number of Floors | 1 |
| Year Built | 1968 |
| Tenancy | Single |
| Parking Ratio | 4.53/1,000 SF |
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Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 014-310-22-00-5 | Improvements Assessment | £148,856 |
| Land Assessment | £47,003 | Total Assessment | £195,859 |
PROPERTY TAXES
Parcel Number
014-310-22-00-5
Land Assessment
£47,003
Improvements Assessment
£148,856
Total Assessment
£195,859
ZONING
| Zoning Code | C-2 |
| C-2 |
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727 Kentucky St
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