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165 Center Street

Taft, CA 93268
  • $550,000
  • STATUS: Active
  • ON SITE: 83 Days
  • ID#: 202201784
UPDATED: 65 min ago
$550,000
  • 0
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
96
Type:
Commercial
County:
Area:
96

School Ratings & Info

Description

ASU Commercial is pleased to offer for sale the State of California leased asset at 165 Center Street in Taft, CA. The Department of Motor Vehicles has been at this location since at least 2008 , recently completing its most recent two year extension of term through June 30, 2023. According to the Department of General Services, pandemic concerns have slowed long term lease extensions, presenting the opportunity to acquire an asset with substantial upside and high returns possible through continued lease extensions with the State of California. The building size is estimated at 2,255 SF.

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Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2022. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Asu Commercial or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2022-05-17T09:31:33.263.
www.teamalishaan.com/homes/126051801
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165 Center Street Taft, CA 93268

  • Price: $550,000
  • Status: Active
  • On Site: 83 Days
  • Updated: 65 min ago
  • ID#: 202201784
0
Beds
0
Baths
0
½ Baths
0.29
Acres
Neighborhood:
96
County:
Kern
Area:
96
Property Description
ASU Commercial is pleased to offer for sale the State of California leased asset at 165 Center Street in Taft, CA. The Department of Motor Vehicles has been at this location since at least 2008 , recently completing its most recent two year extension of term through June 30, 2023. According to the Department of General Services, pandemic concerns have slowed long term lease extensions, presenting the opportunity to acquire an asset with substantial upside and high returns possible through continued lease extensions with the State of California. The building size is estimated at 2,255 SF.
Property Features

Annual Gross Income 56287.80 Annual Net Income 42474.00 Cap Rate 7.72% Commercial Type Commercial Current Use Office For The State Of Ca Dmv Total Annual Expense 13813.80 Zone Dc - Downtown CommercialCity Of Taft

Listing courtesy of Matthew Starr of Asu Commercial.


Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2022. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Asu Commercial or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2022-05-17T09:31:33.263.
 
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Agentcor Realty
5016 California Ave
Bakersfield CA, 93309