Citibank
2525 Oswell Street,
Bakersfield,
CA
93306
$3,400,000
| Status | Sold |
|---|---|
| Price | $3,400,000 |
| Cap Rate | 5.23% |
| NOI | $177,949 |
| Lease Type | Absolute NNN |
| Lease Term | 10 Years |
| Lease Start | January 2014 |
| Lease Expiration | January 2024 |
| Building Size | 5,318 SF |
| Lot Size | 35337 AC |
Overview
The property benefits from a highly-visible, hard corner location at the intersection of Bernard Street and Oswell Street, an intersection trafficked by more than 31,000 vehicles per day. The branch is centrally located within a dense retail trade area that features notable national tenants including Walmart, Home Depot, Office Max, and 24 Hour Fitness.
This branch has prominent pylon signage, 20 parking spaces, and a canopied drive-thru ATM for customer convenience. The building is located within an affluent neighborhood. The average population and average household income within a 1-mile radius are 15,000 and $75,000, respectively. The branch deposits for this location were $90 million.