Listing ID : 432975
Posted on July 27, 2022 50
Stream Realty Partners is pleased to present for sale 100 Sycamore Road in Arvin, California, a 35,162 SF warehouse located in a federal opportunity zone, providing investors the ability to defer, or circumvent, capital gains taxes on real estate and businesses.
The property is minutes away from I-5 and SR-99, offering a strategic location for statewide accessibility – a key requirement for distribution companies. The City of Arvin is about fifteen miles southeast of Bakersfield, and 37 miles north of Los Angeles County. It is home to an established agricultural community. Additionally, because of the city’s location, logistics hubs have proven to be successful throughout the area.
Since acquiring, the owner has spent significant capital improving both the interior and exterior of the building, with the most recent project completing in Q2 of 2022. The building is suitable for immediate operations.
This rare opportunity features a cannabis-eligible facility in Kern County, California with the chance to acquire the property for below replacement cost.
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