5055 California Ave - Office FOR SALE


Bakersfield, CA 93309- Park Stockdale
$4,495,000 USD
661-616-3567
5055 California Ave, Bakersfield, CA for Sale
$4,495,000 USD
Office - FOR SALE
1/22
null | 7.36% Cap Rate

5055 California Ave
Bakersfield, CA 93309
Park Stockdale


HIGHLIGHTS

  • High visibility location on California Avenue and Mohawk Street
  • Efficient buidling with direct access from the exterior to each suite
  • Secured with tasteful glass doors at each access point to the exterior

OVERVIEW

Three-story multi-tenant office building with high visibility located on the major intersection of California Avenue and Mohawk Street. Situated in the heart of the California Avenue Corridor and the Southwest Office Submarket, this property is in proximity to access to both Highway 99, the major north/south highway in the central valley and due south of the Westside Parkway, Highway 58. Easy access to numerous restaurants, banks, shopping and other services. Kaiser Permanente houses their local administrative office on site and has been the major tenant at the buiding with historical occupancy for over 25 years. The building is 100% occupied by Kaiser Permanente and a mix of professional office users that have limited in-office traffic. Direct access to each suite as there is no common lobby which provides for an efficient building. The ground floor atrium design allows for natural light at both the front and rear of each suite on all floors. The building had a facelift in 2019 that provided for new exterior paint, re-designed flowerbed landscaping both inside the atrium and around the exterior portions of the building, and installation of tasteful glass security doors at all ground floor access points that limits unwanted visitors during after business hours. The finishes in common area restrooms on each floor were also completed in 2019. The single elevator in the building core was modernized by the owner in 2021. HVAC units are well maintained as non of the units are original and four of the eleven units have been recently replaced or are scheduled for replacement and the owner's cost.

FOR SALE DETAILS

PRICE

$4,495,000 USD

PRICE/SF

$155 USD /SF

CAP RATE

7.36%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

California Corporate Center

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

120

LAND DETAILS

LAND ACRES

1.99 AC

LAND SF

86,684 SF

ZONING

CO

APN/PARCEL ID

331-430-04-00-0

ASK ABOUT THIS PROPERTY

Martin StarrASU CommercialMore Info
661-616-3567

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Martin StarrASU CommercialMore Info
661-616-3567

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