Faris Lee Arranges $10.8M Sale of Smart & Final-Occupied Building in Bakersfield, California
BAKERSFIELD, CALIF. — Faris Lee Investments has brokered the sale of a single-tenant retail property located at 1725 Golden State Ave. in Bakersfield. A Southern California-based private investor sold the asset to an undisclosed buyer for $10.8 million.
Grocery store Smart & Final occupies the 26,237-square-foot building on a long-term, absolute triple-net lease basis with rental increases.
Sean Cox and Alex Moore of Faris Lee represented the seller in the deal.