Bakersfield, CA

REO SALE -

Defaulted 22,000 + SF Shopping Center in Kern County in Receivership

SUMMARY

8 Unit Shopping Center with Restaurant Pad in Bakersfield

22,935 SF

84,071 (1.93 Acre) Lot

Built 1986

120 Parking Spaces

Located on Major Intersection and just off Highway 99

Major Tenant Jack in The Box Pad

In area with many restaurants and Amusement Park across the street

Notice of Default filed July 2018

Current Default Rate: 10.75%

Loan Fully Matured and Now Due

Court Receiver Collecting Rents

AS IS Appraised Value May 2014: $5,100,000

BANK PRICE: $4,000,000 or Best Offer

If interested, please contact to sign NCND and receive Full Package:

Roy Belson

(818) 620-2020

Re/Max Olson Commercial

CalBRE# 01345852