5000 California Ave - Office FOR SALE


Bakersfield, CA 93309- Park Stockdale
$9,200,000 USD
661-304-2521
5000 California Ave, Bakersfield, CA for Sale
$9,200,000 USD
Office - FOR SALE
1/4
null | 8.11% Cap Rate

5000 California Ave
Bakersfield, CA 93309
Park Stockdale


HIGHLIGHTS

  • 100% Leased
  • 75% Leased to Anchor Tenant (Tri Counties Bank (Nasdaq: TCBK) $10+ Billion in Assets)
  • Drive Thru for Bank Branch
  • Located on Signalized Hard Corner
  • 8.1% Cap Rate | $746,013 NOI
  • Newer Solar Panel System

OVERVIEW

MAJOR Price Reduction! Trophy Asset! 100% Leased with 75% leased to Anchor credit Tenant (Tri Counties Bank (Nasdaq: TCBK) $10+ Billion in Assets). TCBK has a drive-thru bank branch on site and new ATM as well. Located on a busy signalized hard corner near Highways 99 and 58. Also located in the heart of the Midtown business district. Owner has recently invested in a new Solar Panel System and Glass enclosures within the Common Areas. Long term Owner selling. Very well maintained asset. Call for more details.

FOR SALE DETAILS

PRICE

$9,200,000 USD

PRICE/SF

$269 USD /SF

CAP RATE

8.11%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MAJOR Price Reduction | 8.1% Cap Rate

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

136

LAND DETAILS

LAND ACRES

2.02 AC

LAND SF

87,991 SF

ZONING

CO

APN/PARCEL ID

331-023-09-00-7

ASK ABOUT THIS PROPERTY

Alex Balfour, SIORCushman & WakefieldMore Info
661-304-2521

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Alex Balfour, SIORCushman & WakefieldMore Info
661-304-2521

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.