Village at Towne Centre FOR SALE


Bakersfield, CA - Downtown Bakersfield
$9,450,000 USD
818-512-1715
, Bakersfield, CA for Sale
$9,450,000 USD
FOR SALE
1/8
null | 7.23% Cap Rate

Village at Towne Centre
Bakersfield, CA
Downtown Bakersfield


HIGHLIGHTS

  • Village at Towne Centre offers a 97.1% leased retail / mixed-use center with an established tenant roster.
  • The property is positioned along 24th Street in Downtown Bakersfield near Highway 178, providing visibility and access along a high-traffic corridor.
  • Existing NNN lease structures and contractual annual rent escalations provide a framework for recurring income growth - See OM Rent Roll.
  • Neighborhood Shopping Center - Zoned C-2 - Opportunity Zone. Recession-resilient tenant mix anchored by essential-service & necessity-based retailer.
  • FEE SIMPLE ownership - 2.07 acres APN 005-332-01 (±39,691 SF retail-flex uses) & 0.84 acres APN 005-212-07 (18-veh TESLA supercharge station).
  • ** NOTE: Tesla revenue generation is not yet factored into the financial analysis as it is still in the permitting process.

OVERVIEW

We are pleased to present Village at Towne Centre, a premier retail center strategically positioned at 1201 24th Street in Downtown Bakersfield, CA between 23rd and 24th Streets just off HWY 178. With great demographics, VTC is a prime retail/mixed-use shopping center located on a high-traffic major arterial connecting East and West Bakersfield. Positioned between the on and off-ramps of Highway 178, the center offers exceptional visibility, accessibility, and exposure, with over 50,000 vehicles passing daily. We welcome the opportunity, on a strictly confidential basis, to provide additional due-diligence materials and coordinate site visits with motivated / qualified buyer-prospects. Call / Text / Email Listing Broker any time with questions or to request Offering Memorandum.

ASK ABOUT THIS PROPERTY

Paul StansenPaul E Stansen, APCMore Info
818-512-1715

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Paul StansenPaul E Stansen, APCMore Info
818-512-1715

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