Vacant K-Mart - BAKERSFIELD, CA

Arixa Capital K Mart Acquisition

ACQUISITION

What we saw: This 87,000 square foot building was vacant when we purchased it. Within 24 months the property had been divided up and leased to Smart & Final, Tractor Co. and Body Xchange, a health club. The property has been refinanced, resulting in a return of the entire original investment, and currently generates attractive positive monthly cash flow.