Upscale Event Center with Real Estate! 7.66 Acres

Kern County, CA

Seller Financing Available
Upscale Event Center with Real Estate! 7.66 Acres
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Asking Price: Get Financing: $10,000,000

Gross Revenue: $0

Price/Sq. Ft.: $0.00

NOI: $1,700,000

Building SF: 41,220

FF&E: $0

Year Built: 0

Upscale Event Center with Real Estate! 7.66 Acres

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Property Description

This is a great opportunity to purchase an upscale event center that can host weddings, quinceaneras, corporate events, concerts, and much more! The business is relatively simple to run with a Manager, and the property was built with the finest finishes and attention to detail. 41,220 sq ft of building space on 7.89 acres. Projected annual net income is $1.7 mil. In final stages of construction. We cooperate with brokers/agents; call for details.

Detailed Information

Type:
Other Business Real Estate
Building SF:
41,220
Building Status:
Under Construction
Facilities:
The total real estate involved in this sale includes 5 parcels for a total lot size of 7.89 Acres (343,600 acres). There are three buildings that total 41,220 sq ft of space. Building is in the final stages of construction, and projected first year Net Operating Income is $1.7 mil. Buyer to conduct their own due diligence on all aspects of the business and property including zoning, permits, square footage, and financials. Submit all offers to listing agent via email, or contact listing agent for full offering information.
Location Description:
Located in Kern County in an up and coming city. This event center is well positioned to become the premier destination for special events.
Current and Prior Use:
A portion of the building is currently being leased to a tenant. Seller had run a variety of events under a temporary occupancy permit while still under construction. There was high demand from clientele.
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Contact the Seller

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Vinil Ramchandran

Property Listed By:
Vinil Ramchandran

Dream Commercial

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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