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 building to an undisclosed buyer for $10.8 million. Smart & Final occupies the 26,237-square-foot property 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.
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