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1201 Baker St
For Sale $2,200,000
$2,200,000
- Units
- Unknown Sq Ft
- 60,043 Sq Ft
- Unknown Cap Rate
Description
Another HUGE $700K PRICE REDUCTION. A Unique Property on a signalized hard corner with access from all sides and drive-through facilities. Occupied by Bank of America, a single national credit tenant, for a very long time with multiple options to renew every five(5) years, the latest one of which was recently exercised on 5/31/2023 for another five(5) years. Tenant is on a NNN lease currently paying $133,303/year(6.06 Cap Rate) with future increases at each option renewal and with NO landlord responsibilities. The huge size and Unique configuration of this property offers a tremendous potential for future development upon expiration of Tenant's lease. Motivated Seller will entertain all reasonable offers. Let's make a deal happen.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,200,000 |
| Property Type | Retail |
| Usable Sqft | Unknown |
| Number of Stories | 1 stories |
| Parking Spots | 0 spots |
| Year Built | 1972 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 01410016007 |
| MLS # | SR24031231 |
| Property ID | 320210604 |
| Lot Sqft | 60,043 |
| Zoning | Unknown |
| Days on Market | 341 |
| Original List Price | $3,200,000 |
| Date Updated | September 30, 2024 |
| Date Created | February 12, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Kris Armand an agent of . Lic #00775942
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of September 30, 2024 The information being provided is 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.
Robert Crawford
REAL ESTATE AGENT