Property Listing No Longer Available for Sale

3023 Unicorn Road, Bakersfield, CA

Industrial for Sale - $4,625,000 - 119,700 Sq. Ft. on 6.36 acres


Property Info

CIMLS#846049
Location
  3023 Unicorn Road
  Bakersfield CA 93308
UpdatedDecember 23rd, 2015
TypeIndustrial
Price$4,625,000
Building119,700 Sq. Ft.
Land6.36 acres

Property Description

USA MAXI is a 137,250 Sq. Ft. Large Unit Storage facility in Bakersfield, CA. The property was constructed in 2005 and consist of 119,700 enclosed sq. ft. and 17,550 outdoor sq. ft. The Property is visible from Highway 99 and has a traffic count above 60,000 vehicles per day! The smallest unit size is 15x20; However, the manager receives weekly inquiries for smaller spaces that are referred to neighboring facilities. New owner has the lucrative opportunity to convert vacant units into smaller spaces and increase income.

The property is being offered at a very low price per square foot and comes equipped with an on-site office, managers residence, security cameras, QuikStor software, metal roll up doors, RV dump station, compressed air, filtered water, and concrete paved driveways.


Financials

Property is being offered for sale at a 6.55% existing cap rate and 7.55% pro forma.

Price per square foot is very low at only $38!

This is the lowest price per square foot for a Class A Storage Facility in California! Great Buy!



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