Location Description: Bakersfield is the county seat of Kern County which borders northern Los Angeles County. The city has a population of 363,000 residents making it the 9th largest city in California and 52nd largest city in the United States. The city was founded in 1860 by pioneers mining for gold along the Kern River. Bakersfield is a business friendly city with the lowest sales tax of any major city in California at 7.25%. The City contains two colleges, California State Bakersfield and Bakersfield College. Bakersfield is also home to several minor league professional sports teams such as the Blaze (Baseball), Jam (Basketball), and Condors (Hockey). The city has a variety of venues to host sporting events such as Rabobank Arena, Jams Events Center, Sam Lynn Ballpark, McMurtey Aquatic Center, Famoso Raceway, Bakersfield Speedway, Buttonwillow Raceway, and Kern County Soccer Park (largest soccer facility in California). Bakersfield has a diverse economy with industries ranging from oil, agriculture, natural gas extraction, aerospace, mining, petroleum refining, manufacturing, distribution, and food processing. Bakersfield is the most productive oil producing region in the United States accounting for 10% of the country's gross domestic production. The area is also the 4th most productive agricultural area in the United States.

Business included in Sale? Yes

Income/Expense Info: Actual

Financial: 2015

Gross Income: $723,168

Effective Gross Income: $447,533

Operating Expenses: $141,368

Net Operating Income: $306,164

Pre-Tax Cash Flow: $51,037

Debt Information: Proposed

Loan Amount: $3,825,000

Interest Rate: 4.5 %

Amortized: 25 Years

Due In: 25 Years

Down Payment: Call for price